Current Report No. 2/2020

Date of the report: January 10th 2020

Subject: Expenditure on and recoveries from debt portfolios; preliminaryestimate of KRUK Group's net profit for 2019

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

Text of the report:

In line with the adopted disclosure policy, KRUK S.A. (KRUK, theCompany) discloses the amount of expenditure on and recoveries from themanagement of debt portfolios purchased by the KRUK Group.

Q4 2019

The nominal value of debt purchased by the Group

Q4 2019 Q4 2018 change

PLN 4.252m PLN 2.612m +63%

The expenditure on debt portfolios purchased by the Group

Q4 2019 Q4 2018 change

PLN 389m PLN 341m +14%

The recoveries from the management of purchased portfolios purchased bythe Group

Q4 2019 Q4 2018 change

PLN 475m PLN 432m +10%

Y 2019

The nominal value of debt purchased by the Group

Y 2019 Y 2018 change

PLN 8.274m PLN 8.853m -7%

The expenditure on debt portfolios purchased by the Group

Y 2019 Y 2018 change

PLN 781m PLN 1.395m -44%

The recoveries from the management of purchased portfolios purchased bythe Group

Y 2019 Y 2018 change

PLN 1.782m PLN 1.576m +13%

At the same time, as the Company was notified on January 10th 2020 ofthe preliminary estimate of the KRUK Group's net profit for 2019, theCompany decided to publicly announce it.

The initial estimate of the KRUK Group's consolidated net profit for2019 is PLN 304m.

The net profit figure is subject to change.

The finally determined financial results will be disclosed in theaudited consolidated annual report of the KRUK Group for 2019, scheduledfor issue on March 5th 2020.