Current Report No. 43/2020

Date of the report: November 18th 2020

Subject: Closing and settlement of buyback transaction

Legal basis: Other regulations

Text of the report:

Further to Current Report No. 36/2020 of October 13th 2020 and CurrentReport No. 42/2020 of November 16th 2020, the Management Board of KRUKS.A. (the "Company") announces that today, on November 18th 2020, theownership of 271,000 KRUK shares repurchased by the Company inconnection with the invitation, announced to its shareholders on October13th 2020, to tender Company shares for sale (the "Buyback Offer") wastransferred to the Company and thus the transaction was settled. Thebuyback had been carried out in accordance with the rules defined inResolution 7 of the Company's Annual General Meeting of August 31st 2020on allocation of KRUK S.A.'s net profit for 2019, authorising theManagement Board to buy back Company shares for cancellation, andcreation of a capital reserve to fund the share buyback. The transfer ofownership of the shares between the shareholders and the Company waseffected outside the regulated market, through Santander Bank PolskaS.A. - Santander Brokerage Office, and cleared through the depositoryand clearing system of the Central Securities Depository of Poland.Under the Buyback Offer, the Company had repurchased an aggregate numberof 271,000 shares, with a par value of PLN 1.00 per share, at a price ofPLN 350.00 per share and an aggregate price of PLN 94,850,000. Therepurchased treasury shares represent 1.43% of the Company's sharecapital and 1.43% of total voting rights at the Company's GeneralMeeting. Before closing of the buyback transaction, the Company held notreasury shares.

Detailed legal basis: Article 5(3) of the MAR[...]