Current Report No. 40/2022

Date: 29th April 2022

Subject: Subsidiary wins tender for a debt portfolio on the Spanishmarket

Legal basis: Art. 17.1 of MAR - Inside information

Text of the report:

The Management Board of KRUK S.A. (the "Company") announces that on 29thApril 2022 it was notified that its subsidiary, InvestCapital Ltd.,Malta, was chosen in a tender as preferred purchaser of retail unsecureddebt portfolio on the Spanish market. The portfolio's face value isapproximately EUR 132m (or PLN 615m at the mid-rate quoted by theNational Bank of Poland for 29th April 2022). The conclusion of therelevant agreement regarding the purchase of the Portfolio is contingentupon the successful conclusion of the negotiations between the partiesand reaching an agreement on the commercial terms thereof. In case ofthe conclusion of the agreement, the Company will release a separatereport in that respect.