Kruk S.A. — Board/Management Information 2019

May 31, 2019

Current Report No. 26/2019

Date of the report: May 31st 2019

Subject: Appointment of two 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 today,on May 31st 2019, the Company received a statement from Piotr Krupa, anentitled shareholder, on the exercise of the rights granted to him underArt. 11.5.b of the Company's Articles of Association and appointment,with effect from June 25th 2019, of Mr Piotr Stępniak and Mr KrzysztofKawalec as members of the Supervisory Board of the new term of office.

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

1. Piotr Stępniak

Mr Piotr Stępniak has a university degree. In 1992 he received a BA(Bachelor of Arts) degree from the University of Guelph, Canada. In 1995he earned his MSM (Master of Science in Management) degree from thePurdue University, USA, and an EMBA (Executive Master of BusinessAdministration) diploma from the Rouen Business School in France. Hegained knowledge and experience working in managerial roles: (i) between1985 and 1992 at Air Canada, Toronto, (ii) in 1992-1997 at PepsiColaInt'l, (iii) in 1998 at Bank Handlowy S.A. of Warsaw (iv) in 1999-2000as Development Director at ARMARK, Toronto, Canada, (v) in 2000-2001 asMarketing Director, and in 2001-2005 as Vice President of the ManagementBoard at Lukas S.A. and Lukas Bank S.A., (vi) in 2005-2008 as Presidentof the Management Board at Getin Holding S.A. In addition, PiotrStępniak has long-standing experience of serving on the supervisoryboards of a number of companies: (i) in 2003-2004 he was a member of theSupervisory Board of Europejski Fundusz Leasingowy S.A.,(ii) in2003-2007 a member of the Supervisory Board of TU Europa S.A.,(iii) in2005-2006 a member of the Supervisory Board of Getin Leasing S.A.,(iv)in 2005-2008 a member of the Supervisory Board of Powszechny DomKredytowy in Wrocław S.A., Carcade Sp. z o.o. (Russia), Fiolet S.A. andOpen Finance S.A.,(v) in 2007-2008 a member of the Supervisory Board ofPrikarpattya Bank (Ukraine),(v) in 2006-2008 a member of the SupervisoryBoard of Noble Funds TF1 S.A.,(vi) in 2008-2009 a member of theSupervisory Board of Mikro Sp. z o.o., (vii) in 2008-2013 a member ofthe Supervisory Board of Skarbiec Asset Management Holding S.A.From 2005to 2008 Piotr Stępniak served as Chairman of the Supervisory Board ofGetin Bank S.A., while in 2006-2008 he held the position of Chairman ofthe Supervisory Board of Noble Bank S.A. Currently, he sits as a memberon the supervisory boards of the following companies: ATM Grupa S.A.,Kruk S.A., Nest Bank S.A., BFF Polska S.A., Asseco Business SolutionsS.A., Grupa Kęty S.A. and ZE PAK S.A.

2. Krzysztof Kawalec

Krzysztof Kawalec, President of the Management Board of BFF Polska S.A.,whose group is a member of the BFF Banking Group listed on BorsaItaliana. He has been with KRUK S.A. since 2001, currently as a memberof the Supervisory Board of KRUK TFI S.A. Krzysztof Kawalec graduatedfrom the Faculty of Organisation and Management at the Łódź Universityof Technology (having earned a Master of Science/Engineer degree inBusiness Administration). In 2002 Krzysztof Kawalec completed apost-graduate Enterprise Value Management programme at the Warsaw Schoolof Economics, and then in 2003 - a post-graduate course in ManagementAccounting and Controlling at the same school. In 2006 Krzysztof Kawalecadditionally completed an MBA at PAM Center of the University of Łódź,University of Maryland. In 1998−2001 he was employed as Manager at IFFPSp. z o.o. (International Fast Food Polska Sp. z o.o.) of Warsaw. In2001-2002 Krzysztof Kawalec headed the Contracts Department at MagellanS.A. In 2002-2003 he was a Member of the Company's Management Board andCFO. In 2003 he became Vice President of the Company's Management Boardand Chief Operating Officer, and since July 1st 2008 he has served asPresident of the Management Board of Magellan S.A. He is also on theSupervisory Boards of Magellan Slovakia s.r.o. and MedFinance Magellans.r.o., operating in Slovakia and the Czech Republic. Since 2009 he hasbeen a member of the Supervisory Board of KRUK S.A. of Wrocław. TheSupervisory Board member does not meet the independence criterionstipulated in Principle II. Z.4. of the Code of Best Practice for WSEListed Companies 2016, but meets the independence criterion set out inthe Act on Statutory Auditors, Audit Firms and Public Oversight of May11th 2017 (Dz. U. of 2017, item 1089, as amended).

The Company further announces that neither Mr Piotr Stępniak nor MrKrzysztof Kawalec are engaged in any business activity competing withthe Company's business, nor are they partners in any partnership undercivil law or other type of partnership competing with the Company'sbusiness, or members of the governing body of any company or other legalentity competing with the Company's business, and are not entered in theRegister of Insolvent Debtors maintained pursuant to the Act on theNational Court Register of August 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 [...].