Current Report: 36/2020

Date: October 13th 2020

Subject: Invitation to KRUK S.A. shareholders to tender shares

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

Text of the report:

Further to Current Report No. 26/2020 of August 31st 2020, theManagement Board of KRUK S.A. (the Company) announces that on October13th 2020 it resolved to approve the text of the invitation for theshareholders to tender their shares in the Company for sale. The sharebuyback will be carried out in accordance with the rules set out in theKRUK S.A. Annual General Meeting's Resolution No. 7 of August 31st 2020on the allocation of the Company's net profit for 2019, authorisation ofthe Management Board to buy back Company shares for cancellation, andcreation of a capital reserve to fund the share buyback.

The invitation is attached as an appendix to this report.