Current Report No. 14/2021

Date of the report: May 6th 2021

Subject: Positive assessment of Management Board's proposal to changeprofit distribution and dividend payment recommendation

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

Text of the report:

Further to Current Report No. 13/2021 of May 5th 2021 concerning changeof the Management Board's recommendation on dividend payment, theManagement Board of KRUK S.A. (the "Company") announces that on May 6th2021 the Supervisory Board passed a resolution on the assessment of theManagement Board's proposal to change the recommendation to be submittedto the General Meeting on allocation of the Company's net profit for2020 for dividend payment. The Supervisory Board has endorsed theproposal, whereby the Management Board recommends that the Company's netprofit for 2020, increased by a portion of statutory reserve fundscreated from profit, be allocated for payment of dividend of PLN 11 pershare.