Kruk S.A. — Director's Dealing 2016

Feb 25, 2016

Current Report No. 14/2016

Date of the report: February 25th 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. (Company) announces that on February25th 2016 the Company received a notification from a member of theCompany's Management Board (Notifying Party), submitted under Art. 160.1of the Act on Trading in Financial Instruments, stating that a personclosely related to the Notifying Party acquired 4,601 Series E shares inKRUK S.A. According to the notification, the shares were acquired onFebruary 25th 2016, when 4,601 Series E shares were registered in thesecurities account of the closely related person as a result of theexercise of the rights attached to 4,601 Series D subscription warrantsissued as part of an Incentive Scheme, entitling the closely relatedperson to subscribe for the shares at the issue price of PLN 39.70 pershare. The Incentive Scheme is addressed to members of the ManagementBoard and key personnel of KRUK S.A. and its subsidiaries and wasdescribed in detail in KRUK S.A.'s Prospectus approved by the PolishFinancial Supervision Authority on April 6th 2011 (pp. 117−119). SeriesE shares were issued as part of a conditional share capital increaseperformed pursuant to Resolution No. 1 of the Issuer's ExtraordinaryGeneral Meeting, dated March 30th 2011. The person to which thenotification refers has not given their consent to publish the dataspecified in Par. 2.1.1 of the Regulation of the Minister of Finance,dated November 15th 2005, on the disclosure of information [...].