Current Report No. 48/2019

Date: October 16th 2019

Subject: Satisfaction of conditions precedent under debt assignmentagreement with Getback Recovery S.R.L.

Legal basis: Article 17(1) of MAR - Inside information

Text of the report:

Further to Current Report No. 30/2019 of June 8th 2019 concerning theconclusion of an agreement between the Company's subsidiaryInvestCapital LTD of Malta (as the Buyer) and Getback Recovery S.R.L. ofBucharest on the purchase of an unsecured debt portfolio for a price ofRON 41.2m (equivalent to PLN 37.4m at the mid-rate of exchange quoted bythe National Bank of Poland for June 7th 2019), the Management Board ofKRUK S.A. announces that on October 16th 2019 all the conditionsprecedent under the agreement were satisfied, and specifically relevantconsent was obtained from the insolvency administrator appointed by thecourt in the accelerated arrangement proceedings with respect to GetBackS.A. w restrukturyzacji of Warsaw and the purchase price was paid asprovided for in the agreement. The statement of expenditure on debtportfolios published in Current Report No. 39/2019 includes the amountinvested under the agreement.