Kruk S.A. — Audit Report / Information 2016

Jun 7, 2016

Current Report No. 52/2016

Date: June 7th 2016

Subject: Appointment of financial auditor

Legal basis: Art. 56.1.2 of the Public Offering Act – Current andperiodic information

Text of the report:

The Management Board of KRUK S.A. of Wrocław (the “Company”) announcesthat on June 7th 2016 the Company’s Supervisory Board, acting pursuantto Art. 388.3 of the Commercial Companies Code as well as Art. 13.4 andArt. 14.2.17 of the Company’s Articles of Association, passed aresolution to appoint auditing firm Ernst & Young Audyt Polska spółka zograniczoną odpowiedzialnością spółka komandytowa of Warsaw (“Ernst &Young Audyt Polska”) to audit the full-year separate financialstatements of KRUK S.A. for the financial year ended December 31st 2016and the consolidated financial statements of the KRUK Group for thefinancial year ended December 31st 2016. The resolution comes into forceon June 7th 2016. The agreement to be concluded with the auditor willalso provide for a review of the half-year financial statements of KRUKS.A. for the six months ended June 30th 2016 and of the half-yearconsolidated financial statements of the KRUK Group for the six monthsended June 30th 2016.

Ernst & Young Audyt Polska has its registered office at Rondo ONZ 1,00-124 Warsaw, Poland. The firm is entered in the list of entitiesqualified to audit financial statements under entry number 130.

The Company has already engaged the services of Ernst & Young Groupcompanies with respect to the audit of the separate financial statementsof KRUK S.A. for the financial year ended December 31st 2014 and 31st2015, audit of the consolidated financial statements of the KRUK Groupfor the financial year ended December 31st 2014 and December 31st 2015;review of the half-year separate financial statements of KRUK S.A. forthe six months ended June 30th 2014 and June 30th 2015 and review of thehalf-year consolidated financial statements of the KRUK Group for thesix months ended June 30th 2014 and June 30th 2015, all of which wereperformed by Ernst & Young Audyt Polska; market analysis servicesperformed by Ernst & Young spółka z ograniczoną odpowiedzialnościąCorporate Finance sp.k., and tax advisory services rendered by Ernst &Young sp. z o.o. In addition, training services were performed by Ernst& Young Academy of Business Sp. z o.o. and Ernst & Young Audyt Sp. z o.o.

The qualified auditor of financial statements was selected in compliancewith the applicable regulations and professional standards.

The Supervisory Board agreed to the Management Board entering into anagreement with Ernst & Young Audyt Polska to the extent necessary tocarry out the activities specified in this report.

The agreement with the auditor will be made for a period necessary toperform these activities.

Legal basis: Par. 5.1.19 of the Regulation of the Minister of Finance ofFebruary 19th 2009 on current and periodic information […]