Current Report No. 51/2015: Framework debt purchase agreement executed with Commerz Finanz GmbH

Date of the report: July 29th 2015

Subject: Framework debt purchase agreement executed with Commerz Finanz GmbH

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. (the Issuer) announces that on July 29th 2015 its subsidiary KRUK Deutschland GmbH of Berlin (the Company) entered into a framework debt purchase agreement (the Agreement) with Commerz Finanz GmbH (the Assignor).

Under the Agreement, the Assignor will sell to the Issuer, on a monthly basis, its retail debt from banking activities (the Debt). The total nominal value of the Debt is estimated at approximately EUR 37.5m (PLN 155.45m, translated at the mid rate quoted by the NBP for July 29th 2015).

The Agreement specifies framework terms and conditions for the sale of Debt, in each case executed after an offer is made by the Bank. The Agreement was concluded for an indefinite term. The Agreement does not provide for contractual penalties. Other terms and conditions of the Agreement do not differ from those commonly used in agreements of such type.