Current Report No. 20/2022: Bank’s decision to conclude debt assignment agreement

The Management Board of KRUK S.A. (the “Issuer”) announces that on March 18th 2022 it was notified of a positive decision by Unicredit SpA of Milan, concerning the conclusion of a debt assignment agreement with the Issuer’s subsidiary KRUK Investimenti s.r.l. regarding the purchase of a portfolio of Italian unsecured consumer loans with nominal value of up to EUR 350 m (PLN 1,65 bn at the mid-rate quoted by the National Bank of Poland for Mach 18 th 2022) and originated from first quarter 2022 to the end of the year.

The portfolio will be purchased in four tranches.

The Issuer will immediately notify about the conclusion of the agreement in a separate report.