Current Report No. 13/2023: Transactions in KRUK S.A. shares

Acting in accordance with Art. 70.1 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies of July 29th 2005, the Management Board of KRUK S.A. (the “Company”) announces that on February 3rd 2023 it was notified by Generali Powszechne Towarzystwo Emerytalne S.A. , which manages pension funds Generali Otwarty Fundusz Emerytalny (“Generali OFE”) and Generali Dobrowolny Fundusz Emerytalny (“Generali DFE”), that after the takeover of the  management of pension funds NNLife Otwarty Fundusz Emerytalny (“NNLife OFE”) and NNLife Dobrowolny Fundusz Emerytalny (“NNLife DFE”) on February 1st 2023, pursuant to Art. 66.1 and 66.6 and Art. 68 of the Act on the Organisation and Operation of Pension Funds of August 28th 1997 (Dz.U. of 2022, item 2342, as amended), its percentage of the share capital and total voting rights held in KRUK S.A., as registered in the accounts of: Generali OFE, Generali DFE, NNLife OFE and NNLife DFE (referred to jointly as the “Funds”) exceeded the 5% threshold.

“Acting in accordance with Art. 69 in conjunction with Art. 87.1.2b of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies of July 29th 2005 (Dz.U. of 2022, item 2554) (the “Act”), Generali Powszechne Towarzystwo Emerytalne S.A. (the "Management Company"), which manages pension funds Generali Otwarty Fundusz Emerytalny (“Generali OFE”) and Generali Dobrowolny Fundusz Emerytalny (“Generali DFE”), with its registered office at ul. Senatorska 18, Warsaw, Poland, notifies you that after the Management Company took over the management of pension funds NNLife Otwarty Fundusz Emerytalny (“NNLife OFE”) and NNLife Dobrowolny Fundusz Emerytalny (“NNLife DFE”) on February 1st 2023, pursuant to Art. 66.1 and 66.6 and Art. 68 of the Act on the Organisation and Operation of Pension Funds of August 28th 1997 (Dz.U. of 2022, item 2342, as amended), its percentage of the share capital and total voting rights held in KRUK S.A., as registered in the accounts of: Generali OFE, Generali DFE, NNLife OFE and NNLife DFE (referred to jointly as the “Funds”) exceeded the 5% threshold.

Before taking over the management of the funds

Generali OFE and Generali DFE held a total of 768,575 (seven hundred and sixty-eight thousand, five hundred and seventy-five) shares, or 3.98% of the Company's share capital, and 768,575 (seven hundred and sixty-eight thousand, five hundred and seventy-five) voting rights, or 3.98% of total voting rights in the Company.

NNLife OFE and NNLife DFE held a total of 827,375 (eight hundred and twenty-seven thousand, three hundred and seventy-five) shares, or 4.28% of the Company's share capital, and 827,375 (eight hundred and twenty-seven thousand, three hundred and seventy-five) voting rights, or 4.28% of total voting rights in the Company.
 
After taking over the management of the funds

Generali OFE, Generali DFE, NNLife OFE and NNLife DFE held a total of 1,595,950 (one million, five hundred and ninety-five thousand, nine hundred and fifty) shares, or 8.26% of the Company's share capital, and 1,595,950 (one million, five hundred and ninety-five thousand, nine hundred and fifty) voting rights, or 8.26% of total voting rights in the Company.

There are no Funds’ subsidiaries holding any shares in the Company and no persons referred to in Art. 87.1.3.c. of the Act.

As calculated in accordance with Art. 69b.2. of the Act, there are no voting rights attached to shares which the Funds would be entitled or obliged to purchase as holders of financial instruments referred to in Art. 69b.1.1. and Art. 69b.1.2. of the Act, which are not exercised exclusively through cash settlement.

As calculated in accordance with Art. 69b.3. of the Act, there are no voting rights attached to shares which are directly or indirectly related to financial instruments referred to in Art. 69b.1.2. of the Act.

As calculated in accordance with Art. 69.4.9., the total number of voting rights held by the Funds is 1,595,950 (one million, five hundred and ninety-five thousand, nine hundred and fifty); they represent 8.26% of total voting rights.”