Current Report No. 52/2017: Cost summary of the Fourth Public Bond Issue Programme

23/11/2017

In connection with the closing of the Fourth Public Bond Issue Programme (the 'Programme') on November 23rd 2017, and further to Current Report No. 88/2017 of September 19th 2016, the Management Board of KRUK S.A. (the 'Issuer') discloses information on the costs incurred under the public bond issue programme for retail investors. The total costs of the Programme, as part of which four bond issues were run comprising 400,000 Series AF1 bonds, amounted to PLN 797,000, and included: - cost of preparing the prospectus, including cost of advisory services - PLN 92,000, - cost of preparing and carrying out the bond offerings - PLN 655,000, - offering promotion costs - PLN 50,000. The average cost of the offerings per bond with a nominal value of PLN 100 was PLN 1.97. No costs were incurred on underwriting fees since the Issuer did not conclude any underwriting agreements in connection with the bond offerings. The costs related to preparation of the prospectus, final terms and conditions of the bonds and brokerage commissions, totalling PLN 747,000, were recognised as prepayments. These costs are charged to the Issuer's profit or loss from the issue date to the maturity date. Other costs, including the costs of bond offering promotion, are charged to the Company's operating expenses.