Current Report No. 23/2017: Subsidiary wins tender for a debt portfolio on the Romanian market

The Management Board of KRUK S.A. (the “Company”) announces that on May 11th 2017 it was notified that its subsidiary, InvestCapital Malta Ltd., Malta, was chosen in a tender as purchaser of a corporate secured and unsecured debt portfolio on the Romanian market (the "Portfolio"). The Portfolio’s face value is approximately EUR 282 m (of PLN 1.19bn at the mid-rate quoted by the National Bank of Poland for May 11th 2017). The conclusion of the relevant agreement regarding the purchase of the Portfolio is contingent upon the successful conclusion of the negotiations between the parties and reaching an agreement on the commercial terms thereof. In case of the conclusion of the agreement, the Company will release a separate report in that respect.

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