Current Report No. 35/2022: Claim assignment agreement executed on the Italian market

Further to Current Report No. 20/2022 of Marchr 18th 2022, the Management Board of KRUK S.A. (the Issuer) announces that today, the Issuer’s subsidiary Kruk Investimenti s.r.l. of Milan, Italy (the Buyer) has signed the agreement (Agreement) with Unicredit SpA of Milan, Italy. The Agreement provides for the purchase of a portfolio of Italian unsecured consumer loans with nominal value of up to EUR 350 m (PLN 1,62 bn at the mid-rate quoted by the National Bank of Poland for April 15th 2022) and originated from first quarter 2022 to the end of the year.

The portfolio will be purchased in four tranches.