22/04/2013

Current Report No. 27/2013: Notification from ING PTE S.A.

Date of the report: April 11th 2013

Subject: Notification from ING PTE S.A. of exceeding the threshold of 10% of total voting rights at the General Meeting of KRUK S.A.

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 11th 2013 it received a notification from ING Powszechne Towarzystwo Emerytalne S.A., issued under Art. 69.1.1 of the Act on Public Offering [...] and reading as follows:

“Acting pursuant to Art. 69 in conjunction with Art. 87.1.3b 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) we would like to inform you that following acquisition of shares in Kruk S.A. (“Company”) in transactions on the Warsaw Stock Exchange settled on April 9th 2013, ING Otwarty Fundusz Emerytalny (“OFE”) and ING Dobrowolny Fundusz Emerytalny (“DFE”), funds managed by ING Powszechne Towarzystwo Emerytalne S.A., have increased their shareholding in the Company above the threshold of 10% of total voting rights at the Company's General Meeting.

Prior to the acquisition of shares, OFE held 684,773 (six hundred and eighty four thousand, seven hundred and seventy three) Company shares, representing 4.05% of its share capital and conferring the right to 684,773 (six hundred and eighty four thousand, seven hundred and seventy three) votes at the General Meeting of the Company, i.e. 4.05% of the total voting rights.

As at April 11th 2013, 1,835,643 (one million, eight hundred and thirty-five thousand, six hundred and forty-three) Company shares were recorded in OFE's and DFE's securities accounts, representing 10.86% of the Company’s share capital. The shares confer the right to 1,835,643 (one million, eight hundred and thirty-five thousand, six hundred and forty-three) votes at the General Meeting of the Company, i.e. 10.86% of the total voting rights.

The OFE and DFE may increase or decrease their shareholdings in the Company within the next 12 months, depending on the prevailing market conditions and the Company’s position. The funds acquired the Company shares as part of their investment activities.”

For the Company:

Rafał Janiak – Member of the Management Board

Agnieszka Kułton – Member of the Management Board

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