Current Report No. 40/2018

Date: November 16th 2018

Subject: Signing a commitment letter in connection with the purchase ofreceivables on the Spanish market

Legal basis: Art. 17.1 of MAR - Inside information

Text of the report:

The Management Board of KRUK S.A. (the "Company") announces that onNovember 16th 2018 it was notified that its subsidiary, InvestCapitalLtd., Malta, signed today a commitment letter concerning the conclusionof the agreement (Agreement) for the purchase of receivables on theSpanish market. The receivables face value is approximately EUR 247m (orPLN 1,06bn at the mid-rate quoted by the National Bank of Poland forNovember 16th 2018). The Company, with a separate report, willimmediately inform about the conclusion of the Agreement.