Current Report No. 5/2023: Transactions in KRUK S.A. shares

Acting in accordance with Art. 70.1 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies of July 29th 2005, the Management Board of KRUK S.A. (the “Company”) announces that on January 5th 2023 it was notified by Powszechne Towarzystwo Emerytalne Allianz Polska S.A. of its merger with Aviva Powszechne Towarzystwo Emerytalne Aviva Santander S.A. The notification read as follows:

“Pursuant to Art. 69.1.2 and Art. 69.2 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies, Powszechne Towarzystwo Emerytalne Allianz Polska S.A., the management company which manages open-end pension fund Allianz Polska Otwarty Fundusz Emerytalny (“Allianz OFE”) and voluntary pension fund Allianz Polska Dobrowolny Fundusz Emerytalny (“Allianz DFE”), notifies you that following its merger effected on December 30th 2022, pursuant to Art. 67 of the Act on the Organisation and Operation of Pension Funds of August 28th 1997 (consolidated text: Dz.U. of 2020, item 105, as amended; the “Pension Funds Act”) and Art. 492.1.1 of the Commercial Companies Code, with Aviva Powszechne Towarzystwo Emerytalne Aviva Santander Spółka Akcyjna, the management company which manages open-end pension fund Drugi Allianz Polska Otwarty Fundusz Emerytalny (“Drugi Allianz OFE”), its percentage of the share capital and total voting rights held in KRUK S.A., as registered in Allianz OFE’s, Allianz DFE’s and Drugi Allianz OFE’s accounts, increased above 10%.

Prior to the merger:

The number of KRUK shares registered jointly in Allianz OFE’s and Allianz DFE’s accounts was 941,183, representing 4.87% of KRUK S.A.’s share capital and conferring 941,183 voting rights, which represented 4.87% of total voting rights in KRUK S.A.

The number of KRUK shares registered in Drugi Allianz OFE’s account was 1,418,034, representing 7.34% of KRUK S.A.’s share capital and conferring 1,418,034 voting rights, which represented 7.34% of total voting rights in KRUK S.A.

Following the merger:

The number of KRUK shares registered jointly in Allianz OFE’s, Allianz DFE’s and Drugi Allianz OFE’s accounts has increased to 2,359,217, representing 12.21% of KRUK S.A.’s share capital and conferring 2,359,217 voting rights, which represent 12.21% of total voting rights in KRUK S.A.

Powszechne Towarzystwo Emerytalne Allianz Polska S.A., which manages jointly Allianz OFE, Allianz DFE and Drugi Allianz OFE, further notifies you that:

• it does not have any subsidiaries holding KRUK shares,
• no situation referred to in Art. 69.4.6 of the Act arises, and
• it does not hold any financial instruments referred to in Art. 69b.1.1 and 69b.1.2 of the Act.”