Current Report No. 42/2020: Information about tenders of shares accepted from company’s shareholders as part of the share buyback

Further to Current Report No. 36/2020 of October 13th 2020, the Management Board of KRUK S.A. (the Company) announces that today it has received a notification from Santander Bank Polska S.A. - Santander Brokerage Office (Brokerage Office) stating that during the acceptance period for tenders to sell the Company’s shares by Brokerage Office, i.e. from October 19th to November 13th 2020, a total of 1.659 tenders to sell a total of 17.312.434 shares in the Company were accepted. 
The number of accepted tenders to sell more than 29 but fewer than 70 shares is 393, comprising a total of 17.349 shares and after taking into account tenders made repeatedly from one account (6 tenders for a total of 306 shares), 387 tenders for a total of 17.043 shares were subject to preferential allotment. The tenders to sell more than 29 but fewer than 70 shares have been allotted 387 shares.
The number of accepted tenders to sell no more than 29 shares or no fewer than 70 shares is 1.269, comprising a total of 17.295.391 shares. Following a pro rata reduction of the tenders to sell no more than 29 shares or no fewer than 70 shares, the average reduction rate has been set at 98,44%. The tenders to sell no more than 29 shares have not been allotted any shares, whereas the tenders to sell no fewer than 70 shares have been allotted a total of 270.613 shares.
In aggregate, the Company will repurchase 271,000 shares at a price of PLN 350.00 per share. The planned date of settlement of the Buyback Offer is November 18th 2020.
Detailed legal basis: Article 5(3) of the MAR[…]