Current Report No. 60/2021: Subsidiary wins tender for a debt portfolio on Italian market

The Management Board of KRUK S.A. (the “Issuer”) announces that on December 22nd 2021 it was notified by its subsidiary, Kruk Investimenti s.r.l. of Milan, Italy, that it had won the tender to purchase a secured and unsecured corporate debt portfolio from Unicredit SpA of Milan, Italy. The portfolio’s face value is approximately EUR 222m (PLN 1,03bn at the mid-rate quoted by the National Bank of Poland for December 22nd 2021). The relevant agreement related to the tender will be announced by the Issuer promptly after its execution in a separate report.