Current Report No. 60/2023: Transactions in KRUK S.A. shares

Acting in accordance with Art. 70.1 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies of July 29th 2005, the Management Board of KRUK S.A. (the “Company”) announces that today it received information from Generali Powszechne Towarzystwo Emerytalne S.A. dated July 25th 2023. (Information), that on July 21st 2023 the liquidation of NNLife Otwarty Fundusz Emerytalny (NNLife OFE) was completed. On the date when the liquidation of NNLife OFE was completed, its assets were transferred to Generali Otwarty Fundusz Emerytalny (“Generali OFE”), leading to Generali OFE’s share in the share capital and total voting rights in Kruk S.A. (the “Company”) exceeding the 5% threshold. The Information received states as follows: 

“Acting in accordance with Art. 69 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies of July 29th 2005 (Dz.U. of 2022, item 2554) (the “Act”), Generali Powszechne Towarzystwo Emerytalne S.A. (the “Management Company”), with its registered office at ul. Senatorska 18, Warsaw, Poland, would like to inform you that the liquidation of the open-end pension fund NNLife Otwarty Fundusz Emerytalny (“NNLife OFE”) was completed on July 21st 2023. On the date when the liquidation of NNLife OFE was completed, its assets were transferred to Generali Otwarty Fundusz Emerytalny (“Generali OFE”), leading to Generali OFE’s share in the share capital and total voting rights in Kruk S.A. (the “Company”) exceeding the 5% threshold.

Before liquidation of NNLife OFE

Generali OFE and NNLife OFE held a total of 1,624,510 (one million six hundred and twenty-four thousand five hundred and ten) shares, or 8.41% of the Company’s share capital, and 1,624,510 (one million six hundred and twenty-four thousand five hundred and ten) voting rights, or 8.41% of total voting rights, in the Company; of which Generali OFE held 797,135 (seven hundred and ninety-seven thousand one hundred and thirty-five) shares, or 4.13% of the Company’s share capital, and 797,135 (seven hundred and ninety-seven thousand one hundred and thirty-five) voting rights, or 4.13% of total voting rights in the Company;
 
After liquidation of NNLife OFE

Generali OFE holds a total of 1,624,510 (one million six hundred and twenty-four thousand five hundred and ten) shares, or 8.41% of the Company’s share capital, and 1,624,510 (one million six hundred and twenty-four thousand five hundred and ten) voting rights, or 8.41% of total voting rights, in the Company; There are no subsidiaries of Generali OFE holding any shares in the Company, and no individuals mentioned in Art. 87.1.3.c. of the Act. As calculated in accordance with Art. 69b.2. of the Act, there are no voting rights attached to shares that Generali OFE would have the entitlement or obligation to acquire as a holder of financial instruments mentioned in Art. 69b.1.1 of the Act or financial instruments mentioned in Art. 69b.1.2 of the Act which are not exercised solely through cash settlement. As calculated in accordance with Art. 69b.3. of the Act, there are no voting rights attached to shares which are directly or indirectly related to financial instruments referred to in Art. 69b.1.2. of the Act. As calculated in accordance with Art. 69.4.9., the total number of voting rights held by Generali OFE is 1,624,510 (one million six hundred and twenty-four thousand five hundred and ten), representing 8.41% of total voting rights.”