Current Report No. 21/2018: Claim assignment agreements executed on the Polish market

Further to Current Report No. 12/2018 of March 29th 2018, the Management Board of KRUK S.A. (the Company) announces that on  April 16th 2018 and today, April 23rd 2018, the Company’s subsidiary PROKURA NS FIZ (the Buyer) has signed agreement with one of the largest banks in Poland (Agreements, the Bank). Under the Agreements, PROKURA NS FIZ purchased from the Bank a portfolio of an unsecured retail debt portfolio which face value is approximately PLN 147m and corporate secured debt portfolio which face value is approximately PLN 187m. The transfer of ownership of the debts covered by the Agreements to the Purchaser shall take place on the day of their conclusion, upon payment of the price. The Agreements do not provide for any significant contractual penalties. Other terms and conditions of the Agreements do not differ from those commonly used in agreements of such type.