Current Report No. 51/2019: Bank’s decision to go ahead with debt assignment agreement

Further to Current Report No. 49/2019 of October 25th 2019 concerning an auction won to purchase a debt portfolio on the Polish market, the Management Board of KRUK S.A. (the “Company”) announces that on December 9th 2019 it was notified of the Management Board of Bank’s favourable decision regarding the execution of a debt assignment agreement between the Company’s subsidiary PROKURA Niestandaryzowany Sekurytyzacyjny Fundusz Inwestycyjny Zamknięty and the Bank concerning a portfolio’s with an aggregate nominal value of approximately PLN 781m. At the same time, the Bank announced its decision to withdraw from sale of debt claims with a total nominal value of approximately PLN 604m, including mortgage-backed debt denominated in EUR, CHF and USD. Upon conclusion of the relevant sale agreement, the Company will promptly release a separate report to announce it.

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