Current Report No. 52/2019: Subsidiary wins tender for a debt portfolio on the Italian market

The Management Board of KRUK S.A. (the “Company”) announces that on December 13th  2019 it was notified by its subsidiary, ItaCapital S.r.l. of Milan, Italy, that it had won the tender to purchase an unsecured retail debt portfolio  from one of the largest banks on the Italian market. The portfolio’s face value is approximately EUR 75m (or PLN 322m at the mid-rate quoted by the National Bank of Poland for December 13th 2019). The relevant agreement related to the tender will be announced by the Company promptly after its execution in a separate report.