Current Report No. 53/2019: Execution of debt assignment agreements on Polish market

Further to Current Report No. 51/2019 of December 9th 2019, the Management Board of KRUK S.A. (the “Company”) announces that today the Company’s subsidiary PROKURA Niestandaryzowany Sekurytyzacyjny Fundusz Inwestycyjny Zamknięty (the “Buyer”) has signed agreements (the “Agreements”) with one of the largest banks in Poland (the “Bank”). The Agreements provide for the purchase from the Bank of debt portfolios with a nominal value of approximately PLN 781m. The Agreements contain a condition precedent stipulating that the debt portfolios and the security will be transferred to the Buyer subject to payment of the price. While the Agreements do not provide for any contractual penalties, their other terms do not differ from standard terms used in agreements of such type.

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