Current Report No. 14/2017

Date of the report: March 28th 2017

Subject: Management Board proposal for dividend distribution

Legal basis: Art. 17.1 of MAR - Inside information

Text of the report:

The Management Board of KRUK S.A. (the "Company") announces that onMarch 28th 2017 the Management Board of the Company passed a resolutionunder which it will propose to the Annual General Meeting that adividend of PLN 2 per share be distributed to shareholders from theCompany's net profit 2016, increased by the amount transferred from thereserve capital created from the profits. The proposal concerning thedividend payment and dividend amount was prepared taking into accountthe KRUK Group's current financial standing, as well as its furthergrowth strategy, plans and prospects. The Management Board may proposedistribution of dividends in the future, but in each case the finaldecision in this respect will be made with due regard paid to theGroup's strategic plans, growth prospects, investment financingrequirements, as well as its current debt level and overall financialstanding.

Legal basis: Par. 38.1.11 of the Regulation of the Minister of Financeof February 19th 2009 on current and periodic information [...]