Seller’s decision to conclude debt assignment agreement

The Management Board of KRUK S.A. (the “Issuer”) announces that on December 14th 2023 it was notified of a positive decision by one of the primary financial institutions in Italy (the “Seller”) concerning conclusion of a debt assignment agreement between the Company’s subsidiary – Kruk Investimenti s.r.l. of Milan, Italy and the Seller whereby the former will purchase an unsecured retail debt portfolio with an aggregate nominal value of up to EUR 280m (PLN 1,212.7 m translated at the average exchange rate quoted by the National Bank of Poland for December 13th 2023).

Upon conclusion of the agreement, the Company will release a separate report to announce it.