Current report No. 40/2023

Date: May 22nd 2023

Subject: Positive assessment of Management Board's recommendation onallocation of net profit and dividend payment

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

Text of the report:

Further to Current Report No. 38/2023 of May 17th 2023, the ManagementBoard of KRUK S.A. (the "Company") announces that on May 22nd 2023 theSupervisory Board passed a resolution to issue a positive opinion on theManagement Board's proposal regarding the allocation of the Company's2022 net profit and the recommendation that the Annual General Meetingallocate the Company's 2022 net profit of PLN 804,982,752.25 as follows:

1. distribute PLN 289,781,850.00 as a dividend of PLN 15.00 per share tothe Company's shareholders;

2. transfer the remaining PLN 515,200,902.25 to statutory reserve funds.