Current Report No. 47/2013: Appointment of a Supervisory Board member

Current Report No. 47/2013

Date of the report: June 27th 2013

Abbreviated name of the Company: KRUK S.A.

Subject: Appointment of a Supervisory Board member

Legal basis: Art. 56.1.2 of the Public Offering Act – current and periodic information

Text of the report:

The Management Board of KRUK S.A. (”Company”) reports that on June 27th 2013 the Annual General Meeting of KRUK S.A. appointed Tomasz Bieske to the Company's Supervisory Board, effective from August 1st 2013. Tomasz Bieske will serve as Member of the Supervisory Board.

A brief resume of the curriculum vitae of the new Supervisory Board member is presented below.

Tomasz Bieske graduated from the Faculty of Economics of the University of Cologne in Germany. For six years, he worked at the Dresdner Bank’s head office in Frankfurt. His responsibilities included credit analysis of the Bank’s corporate clients. He also took part in negotiations of sovereign debt restructuring for Eastern European and South American countries. For the last two years he spent at the Dresdner Bank, he was engaged in foreign debt trading on the secondary market. After he returned to Poland in 1990, Tomasz Bieske co-founded Artur Andresen in Poland and served as head of the Financial Markets Group, where he was responsible for dealings with clients from the financial sector. When Andersen was merged with Ernst & Young, he assumed the position of head of the Financial Markets, Audit and Business Advisory Group of the combined firm. He has been involved in a majority of high-profile projects executed in recent years in the financial services sector, either as the partner responsible for a project, or – indirectly – as an advising partner. These projects included planning the public offerings of PKO BP S.A. and Kredyt Bank S.A., auditing the financial statements of the National Bank of Poland (central bank), PKO S.A., and Getin Holding, and developing a concept for privatisation of the Warsaw Stock Exchange. Mr Bieske also contributed to the development of a strategy for Bank Pocztowy and of a plan of operational changes for the Ministry of Finance. He was engaged in transactions to sell NPL portfolios, as well as in share valuations of private banks in Poland, and in a number of due diligence processes ordered by foreign investors. Since 2011, Tomasz Bieske has been part of a team working on changes to laws and business regulations governing the cooperative banking sector (EU Directive IV, proposed changes to Polish laws, co-operation with the Polish Ministry of Finance and the Polish Financial Supervision Authority). He has also established closed cooperation with the Union of Polish Banks and the National Association of Cooperative Banks. He is a Polish chartered auditor, and the author of many publications on banking sector and financial markets. In 2011, he was presented with a gold medal from the Union of Polish Banks in recognition for his contribution to the development of banking in Poland in 1991–2011. Until June 30th 2013, he worked for Ernst & Young. Tomasz Bieske also operates as a sole trader.

The Company further reports that according to his representation, Tomasz Bieske is not engaged in any activities competitive to the Company’s business, is not a partner in any competitive partnership under civil law or another type of partnership, or a member of a governing body of any competitive company or another legal entity. Further, he is not entered in the Register of Insolvent Debtors maintained pursuant to the Act on the National Court Register.

Legal basis: Par. 5.1.22 of the Regulation of the Minister of Finance of February 19th 2009 on current and periodic information to be published by issuers of securities […].

For the Company:

Piotr Krupa – President of the Management Board

Rafał Janiak – Member of the Management Board

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