Kruk S.A. — Board/Management Information 2019

Jun 25, 2019

Current Report No. 34/2019

Date of the report: June 25th 2019

Subject: Appointment of Supervisory Board members

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 on June25th 2019 the Company’s Annual General Meeting appointed, effective thesame date, the following persons to serve on the Company’s SupervisoryBoard: Piotr Szczepiórkowski, Tomasz Bieske, Katarzyna Beuch, EwaRadkowska-Świętoń and Mateusz Melich.

Below are presented the biographical notes of the new Supervisory Boardmembers.

Katarzyna Beuch

Katarzyna Beuch graduated from the Faculty of Management and ComputerScience of the Wrocław University of Economics. She also completed apostgraduate USAID programme on asset and liability management andbanking risk at the Warsaw Institute of Banking. She started herprofessional career in 1992 at the Assets and Liabilities ManagementDepartment of Bank Zachodni S.A. of Wrocław. In 1996–2006, she worked atthe Audit Department of Ernst & Young Audit sp. z o.o., where she wasresponsible for auditing financial statements, due diligence projectsand accountancy consulting at financial institutions, such as banks,leasing and insurance companies, pension and investment funds, andnon-financial enterprises. From 2006 to 2012, she served as a member ofthe Management Board and Deputy CFO at Getin Holding S.A. She was Headof the Accounting Department at Santander Consumer Bank S.A. In2016−2018, she held the position of Director General for Controlling andEconomic Analysis at KGHM Polska Miedź S.A. She has had ACCAqualification since 2000 (and FCCA professional title since 2005). Sheis the author of publications on the application of InternationalFinancial Reporting Standards. Since April 1st 2013, Ms Katarzyna Beuchhas been a member of the Supervisory Board of KRUK S.A.

Ewa Radkowska-Świętoń

Ewa Radkowska-Świętoń holds a degree in Finance and Banking from theWarsaw School of Economics. She began her professional career in 1995 atthe Capital Transactions Centre of Bank Handlowy. In 1996−2006, sheworked for ING Investment Management Polska S.A. (currently NNInvestment Partners TFI S.A.) as an analyst, portfolio manager, fundmanager, and acting Investment Director. Afterwards, she was fundmanager at Aviva Investors Polska S.A. In 2008–2017, she held theposition of Management Board Member and then Vice President of theNationale Nederlanden PTE S.A. Management Board, simultaneously servingas Investment Director. From September 2017 to January 2019, MsRadkowska-Świętoń was President of the Skarbiec TFI S.A. ManagementBoard, and Vice President and then President of the Skarbiec HoldingS.A. Management Board. She is also a Chartered Financial Analyst (CFA)and a Financial Risk Manager (FRM).

Tomasz Bieske

Tomasz Bieske graduated from the Faculty of Economics of the Universityof Cologne in Germany. For six years, he worked at the Dresdner Bank’shead office in Frankfurt. After returning to Poland in 1990, Mr Bieskeco-founded Artur Andersen in Poland and served as head of the FinancialMarkets Group, where he was responsible for dealings with financialsector clients. When Andersen was merged with Ernst & Young, he assumedthe position of head of the Financial Markets, Audit and BusinessAdvisory Group of the combined firm. He has been involved in a majorityof high-profile projects executed in the Polish financial servicessector. The projects included planning of the public offerings of PKO BPS.A. and Kredyt Bank S.A., audit of the financial statements of theNational Bank of Poland, PKO S.A. and Getin Holding, and developing aconcept for the privatisation of the Warsaw Stock Exchange. TomaszBieske also contributed to the development of a strategy for BankPocztowy and an operational change plan for the Ministry of Finance. Hewas engaged in transactions to sell NPL portfolios, as well as in sharevaluations of private banks in Poland, and in a number of due diligenceprocesses for foreign investors. Since 2011, Tomasz Bieske has been partof a team working on changes to laws and business regulations governingthe cooperative banking sector (EU Directive IV, proposed changes toPolish laws, cooperation with the Ministry of Finance and the PolishFinancial Supervision Authority). He has also established closecooperation with the Polish Bank Association and the NationalAssociation of Cooperative Banks. He holds a qualified auditor licencein Poland and is the author of many publications on the banking sectorand financial markets. In 2011, he was presented with a gold medal fromthe Polish Bank Association for his contribution to the development ofbanking in Poland in 1991–2011. Until June 30th 2013, he worked forErnst & Young. He is a member of the Supervisory Board and Chair of theAudit Committee at mBank S.A. and a member of the Supervisory Boards ofKruk S.A. and Prime Car Management S.A.

Piotr Szczepiórkowski

Piotr Szczepiórkowski is an expert in pension systems, asset managementand capital markets. A licensed investment advisor (licence No. 136),full member of the Polish Society of Actuaries, and member of CFASociety Poland (CFA Charterholder). Mr Szczepiórkowski, graduate of theFaculty of Chemical and Process Engineering at the Warsaw University ofTechnology (1985), started his professional career as an assistant atthe Faculty of Chemical and Process Engineering of his alma mater(1985–1990). Later, he worked at the Ministry of Finance (Department ofFinancial Institutions) and Bank Gospodarstwa Krajowego (Department ofMonetary Management). For many years (1993–2016) he worked for theCommercial Union Polska Group (currently Aviva Polska), serving invarious roles at the Financial Department of the life insurance company:initially as an accountant (6 months’ internship), then as DeputyFinancial Director (12 months), and as Deputy Investment Director(1995–1998). During that period, he established investment policies,developed a methodology for the operation of the Guaranteed Fund andbuilt a leading investment team. He joined Commercial Union PTE in 1999as Vice President of the Management Board, Investment Director. Heassembled a 10-strong Investment Department team responsible formanaging the assets of the largest open-ended investment fund. AppointedPresident of the Management Board of Commercial Union PTE in 2001, hesupervised the sales process and marketing and investment activities ofthe Fund. He managed the work of the management company’s Investment andStrategic Committees. Member of the Audit Committee of the Chamber ofCommerce of Pension Funds (IGTE). As a member of the Polish Institute ofDirectors, he was actively involved in the implementation of corporategovernance standards on the Polish capital market. In 2008–2016, as VicePresident of the Management Board of Aviva Towarzystwo Ubezpieczeń naŻycie, he was responsible for (individual and group) life insuranceproduct policy as well as health and investment insurance offering. MrSzczepiórkowski contributed to upgrading basic insurance products andhelped modernise the applied underwriting rules. In that period, he wasChair and Deputy Chair of the Life Insurance Committee of the PolishInsurance Association. He was in charge of a working group introducingthe rules of gender-neutral premiums and collaborated with ULIPs in theimplementation of an information standard, i.e. the product card. Duringhis professional career he has passed all 14 exams under a trainingprogramme to achieve the ACCA qualification, completed ExecutiveManagement Development courses organised by CEDEP (Fontainebleau),Columbia University and Wharton School of Business. At present, he is amember of Supervisory Boards of the following WSE-listed companies: FMForte S.A., Ipopema Securities S.A., Octava S.A., Decora S.A., as wellas a member of the Supervisory Board and Chair of the Audit Committee ofIpopema TFI S.A.

Mateusz Melich

Mateusz Melich holds a degree in Finance and Banking from the WarsawSchool of Economics. He started his professional career in 2003 with thetransaction advisory arm of Ernst & Young in Berlin. From 2004 to 2013,he worked at the Capital Markets Department of IPOPEMA Securities S.A.as a manager responsible for carrying out ordinary bond issues,convertible bond issues as well as initial and secondary publicofferings for a number of companies listed on the Warsaw Stock Exchange.In 2014, he became President of the Management Board of Dom InwestycyjnyZENITH S.A., a corporate financial advisory firm. From 2016 to 2019, hewas a director at Mercurius Dom Maklerski Sp. z o.o. For many years, MrMelich has conducted training courses in company valuations forpostgraduate students at the Warsaw School of Economics. He also studiedeconomics at the Ludwig Maximilian University of Munich.

The Company further announces that the appointed persons are not engagedin any business activities competing with the Company’s business, norare they partners in any partnership under civil law or other type ofpartnership competing with the Company’s business, or members of thegoverning body of any company or other legal entity competing with theCompany’s business, and are not entered in the Register of InsolventDebtors maintained pursuant to the Act on the National Court Register ofAugust 20th 1997.

Detailed legal basis: Par. 5.5 of the Regulation of the Minister ofFinance of March 29th 2018 on current and periodic information to bepublished by issuers of securities […].