Current Report No. 16/2019: Agreement for acquisition of shares in Wonga.pl sp. z o.o.

The Management Board of KRUK S.A. (“KRUK, Issuer”) announces that,  on April 30th 2019 KRUK and WONGA WORLDWIDE LIMITED (IN ADMINISTRATION) of Manchester (the “Seller”) concluded an agreement for acquisition of 100% of the shares (“Agreement”) in Wonga.pl sp. z o.o of Warsaw (the “Company”). The Company operates in the consumer lending market. The transaction value is PLN 97.1m, comprising the value of Company shares, ownership of the brand (PLN 3.0m) and repayment of the Company’s liabilities assumed from the Seller (PLN 94.1m). The information on signing a letter of intent between the Issuer and the Seller was announced in the Company’s Current Report No 9/2019 of 15 March 2019.