Current Report No. 9/2024: Execution of debt assignment agreement on Italian market

Further to Current Report No. 80/2023 of October 20th 2023, the Management Board of KRUK S.A. (the “Company”) announces that today agreement (the “Agreement”) was concluded between the Company’s subsidiary – Kruk Investimenti s.r.l. of Milan, Italy (the “Buyer”), and one of the primary financial institutions in Italy (the “Seller”).

The Agreement provides for the purchase of a forward flow unsecured retail debt portfolio with a nominal value up to EUR 212m (PLN 916.8m translated at the average exchange rate quoted by the National Bank of Poland for February 1st 2024). The portfolio will be purchased in quarterly tranches starting from March 2024.

The Agreement do not differ from standard market terms applied in agreements of such type.