Current Report No. 16/2023: Subsidiary wins tender for debt portfolios on Italian market

The Management Board of KRUK S.A. (the “Issuer”) announces that on February 23rd 2023 it was notified by its subsidiary, Kruk Investimenti s.r.l. of Milan, that it had won the tender for the purchase of unsecured debt portfolios with an aggregate nominal value of approximately EUR 188m (PLN 893,7 m translated at the average exchange rate quoted by the National Bank of Poland for February 22nd 2023) comprising:

• Stock portfolio with an aggregate nominal value of approximately EUR 133 m (PLN 632,3 m translated at the average exchange rate quoted by the National Bank of Poland for February 22nd 2023) and:
• Forward flows portfolio with an aggregate nominal value up to EUR 55 m (PLN 261,5 m translated at the average exchange rate quoted by the National Bank of Poland for February 22nd 2023) which will be purchased in tranches starting from June 2023.

The relevant agreement related to the tender will be announced by the Issuer promptly after its execution in a separate report.