Kruk S.A. — Capital/Financing Update 2016

Apr 8, 2016

Current Report No. 25/2016

Date of the report: April 8th 2016

Subject: Expenditure and recoveries on debt portfolios purchased by theKRUK Group

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

Text of the report:

In connection with the disclosure policy launched and described inCurrent Report No. 39/2012 of October 10th 2012 and Current Report No.13/2015 of April 10th 2015, the Management Board of KRUK S.A. (the"Company", the "Issuer") announces that on April 8th 2016 it passed aresolution specifying the nominal value of debt portfolios purchased,and expenditure incurred by the KRUK Group companies, as well asrecoveries on purchased debt portfolios collected by the KRUK Group inQ1 2016.

Expenditure on debt portfolios

According to the above resolution, the total expenditure incurred by theKRUK Group to purchase debt portfolios in Poland and abroad in Q1 2016amounted to PLN 64.1m, while the nominal value of the debt purchased bythe KRUK Group in the period amounted to PLN 412.9m. In comparison, thetotal expenditure on debt portfolios purchased by the Group in Polandand abroad in Q1 2015 was PLN 44.9m, with the nominal value of the debtamounting to PLN 511.2m.

Amount invested in Q1 2016 does not include the transaction with PrescoInvestments Limited which amounts to PLN 216.8m. Issuer informed aboutthis transaction in Current Report No. 91/2015 of December 23rd 2015.

Recoveries on purchased debt portfolios

Total recoveries collected in Q1 2016 on debt portfolios purchased bythe KRUK Group in Poland and abroad amounted to PLN 216.5m. Incomparison, total recoveries collected in Q1 2015 on debt portfoliospurchased by the KRUK Group in Poland and abroad amounted to PLN 187.2m.

The Company further announces that details concerning the financialresults achieved by the Company and the KRUK Group in the Q1 of 2016will be given in the consolidated interim report for Q1 2016.

Detailed legal basis: Par. 5.1.25 of the Regulation of the Minister ofFinance of February 19th 2009 on current and periodic information to bepublished by issuers of securities [...].