Current Report No. 101/2016: Accepting an offer to acquire shares in a company operating on the Italian market

The Management Board of KRUK S.A. (“KRUK”, the “Issuer”) announces that on October 28th 2016 it was notified that the existing shareholders had accepted an offer to acquire shares in a company operating on the Italian market of debt portfolio management (the “Company”). Pursuant to the offer, the Issuer will acquire a total of 100% of the shares free of any encumbrances and free of any third-party rights (the “Shares”). The Company consolidated revenue in 2015 amounted to EUR 2,2m (PLN 9,5m, as translated at the mid-rate quoted by the National Bank of Poland for October 28th 2016).

The acquisition of the Shares will be in line with the KRUK Group’s strategy announced for 2015–2019, under which the KRUK Group will seek to grow also through acquisition projects.

The parties have agreed that the Share purchase agreement will be signed not later than November 21st 2016. The agreement will be announced by the Issuer promptly after its execution in another current report.