Current Report No. 17/2022

Date: March 15th 2022

Subject: Positive assessment of Management Board's proposal on profitallocation and dividend payment

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

Text of the report:

Further to Current Report No. 16/2022 of March 4th 2022 concerning theManagement Board's dividend recommendation, the Management Board of KRUKS.A. (the "Company") announces that on March 15th 2022 the Company'sSupervisory Board passed a resolution in which it assessed theManagement Board's proposal concerning allocation of KRUK S.A.'s netprofit for 2021. Having reviewed the Management Board's proposalconcerning allocation of KRUK S.A.'s net profit for 2021, theSupervisory Board favourably assessed the proposal, in which theManagement Board recommended that the 2021 net profit of PLN694.757.626,06 be allocated to payment of dividend of PLN 13.00 pershare to the Company's shareholders and to statutory reserve funds.