Current Report No. 53/2019

Date: December 17th 2019

Subject: Execution of debt assignment agreements on Polish market

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

Text of the report:

Further to Current Report No. 51/2019 of December 9th 2019, theManagement Board of KRUK S.A. (the "Company") announces that today theCompany's subsidiary PROKURA Niestandaryzowany Sekurytyzacyjny FunduszInwestycyjny Zamknięty (the "Buyer") has signed agreements (the"Agreements") with one of the largest banks in Poland (the "Bank"). TheAgreements provide for the purchase from the Bank of debt portfolioswith a nominal value of approximately PLN 781m. The Agreements contain acondition precedent stipulating that the debt portfolios and thesecurity will be transferred to the Buyer subject to payment of theprice. While the Agreements do not provide for any contractualpenalties, their other terms do not differ from standard terms used inagreements of such type.