Kruk S.A. — Director's Dealing 2016

Jun 28, 2016

Current Report No. 68/2016

Date: June 28th 2016

Subject: Information received under Art. 160 of the Act on Trading inFinancial Instruments

Legal basis: Art. 160.4 of the Act on Trading in Financial Instruments -transactions executed by persons with access to inside information

Text of the report:

The Management Board of KRUK S.A. (the "Company") announces that on June28th 2016 the Company received notifications from three members of theCompany's Management Board, (the "Notifying Parties"), submitted underArt. 160.1 of the Act on Trading in Financial Instruments, stating thatthe Notifying Parties acquired, respectively: a) 16,130 Series E shares,b) 14,880 Series E shares, c) 32,637 Series E shares in KRUK S.A.According to the notifications, the shares were acquired on June 27th2016, when, respectively, 16,130 Series E shares, 14,880 Series Eshares, and 32,637 Series E shares were registered in the securitiesaccounts of the Notifying Parties as a result of the exercise of therights attached to, respectively, 16,130, 14,880, and 32,637 Series Aand Series D subscription warrants issued as part of an IncentiveScheme, entitling the Notifying Parties to subscribe for the shares atthe issue price of PLN 39.70 per share. The Incentive Scheme isaddressed to members of the Management Board and key personnel of KRUKS.A. and its subsidiaries and was described in detail in KRUK S.A.'sProspectus approved by the Polish Financial Supervision Authority onApril 6th 2011 (pp. 116−118). Series E shares were issued as part of aconditional share capital increase performed pursuant to Resolution No.1 of the Issuer's Extraordinary General Meeting, dated March 30th 2011.The persons to whom the notifications refer have not given their consentto publish the data specified in Par. 2.1.1 of the Regulation of theMinister of Finance on the delivery and publication of information [...].