Current Report No. 23/2013: Sale of shares by a major shareholder

Date of the report: April 9th 2013

Subject: Sale of shares by a major shareholder

Legal basis: Art. 70.1 of the Act on Public Offering – acquisition or sale of a significant block of shares

Text of the report:

The Management Board of KRUK S.A. reports that on April 9th 2013 it received a notification from Enterprise Investors Sp. z o.o. representing Polish Enterprise Fund IV L.P., issued under Art. 69.1.2, Art. 69.2.1b and Art 69.2.2 of the Act on Public Offering [...] and reading as follows:

“Pursuant to Art. 69.1.2, Art. 69.2.1b and Art. 69.2.2 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies, dated July 29th 2005 (Dz. U. of 2009 No. 185, item 1439, as amended) (“Public Offering Act”) and acting on behalf of Polish Enterprise Fund IV. L.P. with registered office at 1209 Orange Street, Wilmington, County of New Castle, State of Delaware, USA ( “Company”), we would like to inform you that the Company’s share in total voting rights at the General Meeting of Kruk S.A. of Wrocław (“Kruk”) has decreased following the sale of 4,196,550 (four million, one hundred and ninety-six thousand, five hundred and fifty) Kruk shares on the regulated market.

Prior to the transaction, the Company held 4,196,550 (four million, one hundred and ninety-six thousand, five hundred and fifty) ordinary bearer Kruk shares in book-entry form, representing 24.83% (twenty four point eighty-three percent) of Kruk’s share capital and conferring the right to 4,196,550 (four million, one hundred and ninety-six thousand, five hundred and fifty) votes, i.e. 24.83% (twenty four point eighty-three percent) of the total voting rights at the Kruk General Meeting.

Following the change in shareholding, the Company does not hold any shares in Kruk.

No agreement providing for a transfer of voting rights, referred to in Art. 87.1.3c of the Public Offering Act, has been executed by the Company with any third parties.”

For the Company:

Piotr Krupa – President of the Management Board

Michał Zasępa – Member of the Management Board