Current Report No. 80/2023: Seller’s decision to conclude debt assignment agreement

The Management Board of KRUK S.A. (the “Issuer”) announces that on October 20th 2023 it was notified of a positive decision by one of the primary financial institutions in Italy (the “Seller”), concerning the conclusion of a debt assignment agreement with the Issuer’s subsidiary KRUK Investimenti s.r.l. regarding the purchase of forward flow unsecured debt portfolio with nominal value of up to EUR 175 m (PLN 781,8 m at the mid-rate quoted by the National Bank of Poland for October 20th 2023).

The portfolio will be purchased in four quarterly tranches starting from January 2024.

The Issuer will immediately notify about the conclusion of the agreement in a separate report.