urrent Report No. 23/2017

Date: 11th May 2017

Subject: Subsidiary wins tender for a debt portfolio on the Romanianmarket

Legal basis: Art. 17.1 of MAR - Inside information

Text of the report:

The Management Board of KRUK S.A. (the "Company") announces that on May11th 2017 it was notified that its subsidiary, InvestCapital Malta Ltd.,Malta, was chosen in a tender as purchaser of a corporate secured andunsecured debt portfolio on the Romanian market (the "Portfolio"). ThePortfolio's face value is approximately EUR 282 m (of PLN 1.19bn at themid-rate quoted by the National Bank of Poland for May 11th 2017). Theconclusion of the relevant agreement regarding the purchase of thePortfolio is contingent upon the successful conclusion of thenegotiations between the parties and reaching an agreement on thecommercial terms thereof. In case of the conclusion of the agreement,the Company will release a separate report in that respect.