Resolution of Management Board on issue of bonds under Tenth Bond Issue Programme

Further to the launch of the Tenth Bond Issue Programme (the “Programme”), the Management Board of KRUK S.A. (the “Issuer” or the “Company”) announces that on February 7th 2024 it passed a resolution on the issue and determination of the final terms and conditions of the issue of Series AO7 bonds (the “Bonds”). The Bonds will be offered under the Programme, which is covered by the Base Prospectus approved by the Polish Financial Supervision Authority on July 11th 2023, available from the Company’s website: www.kruksa.pl The Bonds will be offered to the public, and the public offering will comprise up to 700,000 unsecured Bonds. The Bonds will have book-entry form and the Company will seek to introduce them to trading on the regulated Catalyst market operated by the Warsaw Stock Exchange. The Company announces that the Bonds will be offered at the issue price equal to their nominal value of PLN 100 per Bond, and that their total nominal value will not exceed PLN 70m. The Bonds bear interest at a variable rate equal to 3M WIBOR (the rate charged for three-month borrowings denominated in PLN on the Polish interbank market) plus a fixed margin of 4,0 percentage points per annum. The Company will redeem the Bonds on the maturity date set out in the final terms and conditions of their issue, with the proviso that the Issuer will have a call option to redeem early all or some of the subscribed Bonds. At the same time, the Company announces that detailed terms and conditions of the offering of the Bonds will be included in the final terms and condition of their issue, to be published on the Issuer’s website www.kruksa.pl .