Kruk S.A. — Board/Management Information 2018

Mar 19, 2018

Current Report No. 7/2018

Date of the report: March 19th 2018

Subject: Reappointment of KRUK's Management Board for another term

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. (the "Company") announces that onMarch 19th 2018 the Company's Supervisory Board passed resolutions,effective from March 19th 2018, reappointing the Company's ManagementBoard for a new joint three-year term (the "Resolutions").

All members of the Management Board were reappointed for the new term:

1. Piotr Krupa, President of the Management Board

2. Agnieszka Kułton, Management Board Member

3. Urszula Okarma, Member of the Management Board

4. Iwona Słomska, Member of the Management Board

5. Michał Zasępa, Member of the Management Board

The biographical notes of the Management Board members appointed for thenew term are provided below.

Piotr Krupa

President of the Management Board since 2003.

He co-founded the Company. He started his professional career in 1997 asa partner in the civil partnership Kuźnicki i Krupa. He remained withthe partnership until 2004. He graduated from the Faculty of Law andAdministration of the University of Wrocław in 1996. In 2000, hecompleted legal training in court started in 1997; in 2003 he completedlegal training as a legal counsel started in 2000. He is a legal counseland a licensed private investigator. Piotr Krupa is the winner of Ernst& Young's 'Entrepreneur of the Year 2017' competition in the maincategory and in 'Products and Services'. The jury awarded him for "arevolutionary change to the business model, which made the company apioneer of new solutions on an international scale". He does not carryout business outside the KRUK Group; he is not a partner in anypartnership under civil law or another type of partnership, or a memberof a governing body of an incorporated company or a member of agoverning body of any other competitive legal entity. He is not enteredin the Register of Insolvent Debtors maintained pursuant to the Act onthe National Court Register.

Agnieszka Kułton

A Member of the Company's Management Board since 2006.

She started her professional career in 1996 as a senior clerk at thefinance department of the Wrocław Municipal Office. In 1997-2000, shewas employed at Agencja Ratalna Sprzedaży ARS S.A, initially as head oflending and then as head of the lending department and director of thefinancial products division. In 2000-2001, she served as director of thefinancial products division at Agencja Ratalna Sprzedaży ARS Serwis Sp.z o.o. and in 2001-2002 at Euro Kredyt Sp. o.o. She joined the Companyin 2002 as a debt collection and trading specialist; in 2003-2006, shewas collections director.

She graduated from the Faculty of National Economy of the WrocławUniversity of Economics in 1995. She does not carry out business outsidethe KRUK Group; she is not a partner in any partnership under civil lawor another type of partnership, or a member of a governing body of anincorporated company or a member of a governing body of any othercompetitive legal entity. She is not entered in the Register ofInsolvent Debtors maintained pursuant to the Act on the National CourtRegister.

Urszula Okarma

A Member of the Company's Management Board since 2006.

She began her professional career at Zakład Energetyczny Wrocław as anaccounting specialist. In 1999, she was head of the Council office atthe Długołęka Commune Office, and in 1999-2001 she was head of theprevention department at SKK Kredyt S.A. She joined the Company in 2002as director of the telephone debt collection department and director ofthe financial institutions service department.

She graduated from the Wrocław University of Economics in 1998, with adegree in finance and banking. She does not carry out business outsidethe KRUK Group; she is not a partner in any partnership under civil lawor another type of partnership, or a member of a governing body of anincorporated company or a member of a governing body of any othercompetitive legal entity. She is not entered in the Register ofInsolvent Debtors maintained pursuant to the Act on the National CourtRegister.

Iwona Słomska

A Member of the Company's Management Board since 2009.

She began her professional career in 1994 as a radio journalist. In1996-2000, she worked as a public relations manager at Gospodarczy BankPołudniowo-Zachodni S.A. In 2002-2004, she was head of the marketing andpublic relations department and the spokesman for SKK KREDYT S.A., PKOTowarzystwo Finansowe Sp. z o.o. and Bank Współpracy Europejskiej S.A.She joined the Company in 2004 as director of the marketing and publicrelations department.

She graduated from the University of Wrocław in 1995 with a master'sdegree in social sciences. In 2000, she completed Polish-AmericanStudies on Social Communication in Organisation and Management at theWrocław University of Technology, and in 2010 - MBA studies at theSchool of Banking in Wroclaw, organised in partnership with FranklinUniversity Ohio. She does not carry out business outside the KRUK Group;she is not a partner in any partnership under civil law or another typeof partnership, or a member of a governing body of an incorporatedcompany or a member of a governing body of any other competitive legalentity. She is not entered in the Register of Insolvent Debtorsmaintained pursuant to the Act on the National Court Register.

Michał Zasępa

A Member of the Company's Management Board since 2010.

He began his professional career at A.T. Kearney Sp. z o.o. in 2000 andremained with the company for two years. In 2003-2004, he worked forDresdner Kleinwort Wasserstein Sp. z o.o. and in 2004-2010 forEnterprise Investors Sp. z o.o.

He graduated from the Warsaw School of Economics in 2000 with a master'sdegree in management and marketing. In 1996-1997, he studied at theUniversity of Wisconsin as part of the Batory Foundation Scholarship,and in 1999 at the Stockholm School of Economics. He does not carry outbusiness outside the KRUK Group; he is not a partner in any partnershipunder civil law or another type of partnership, or a member of agoverning body of an incorporated company or a member of a governingbody of any other competitive legal entity. He is not entered in theRegister of Insolvent Debtors maintained pursuant to the Act on theNational Court Register.

Legal basis: Par. 5.1.22 of the Regulation of the Minister of Finance ofFebruary 19th 2009 on current and periodic information [...]