Current Report No. 90/2023: Execution of debt assignment agreement on Italian market

Further to Current Report No. 83/2023 of November 28th 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, and entity of the BNP Paribas Group.

The Agreement provides for the purchase an unsecured retail debt portfolio with an aggregate nominal value of approx EUR 73m (PLN 314,7m translated at the average exchange rate quoted by the National Bank of Poland for December 15th 2023).

The Agreement does not provide for any contractual penalties, and it’s other terms do not differ from standard market terms applied in agreements of such type.