Current Report No. 21/2020: Management Board’s resolution to recommend allocation of 2019 profit endorsed by Supervisory Board

Further to Current Report No. 20/2020 of July 27th 2020 regarding the manner of allocation of the 2019 profit as recommended by the Management Board, the Management Board of KRUK S.A. (the “Company”) announces that on July 30th 2020 the Company’s Supervisory Board passed a resolution assessing the proposed manner of allocation of the Company’s net profit for 2019 and recommendation for the General Meeting to allocate a portion of that profit either to buyback of shares or to dividend distribution, and to statutory reserve funds. The Supervisory Board resolved to endorse the above proposal and recommendation, whereby the Management Board recommended that the Annual General Meeting allocate a portion of the Company’s net profit for 2019 to buyback the Company's own shares and to the Company's statutory reserve funds or to dividend distribution and to the Company's statutory reserve funds.