Kruk S.A. — Major Shareholding Notification 2019

Apr 16, 2019

Current Report No. 13/2019

Date of the report: April 16th 2019

Subject: Transactions in KRUK S.A. shares

Legal basis: Art. 70.1 of the Public Offering Act - acquisition ordisposal of major holdings of shares

Text of the report:

Acting pursuant to Art. 70.1 of the Act on Public Offering, ConditionsGoverning the Introduction of Financial Instruments to OrganisedTrading, and Public Companies of July 29th 2005, the Management Board ofKRUK S.A. (the "Company") announces that on April 16th 2019 it receiveda notification from Powszechne Towarzystwo Emerytalne PZU S.A., Al. JanaPawła II 24, 00-133 Warsaw, of the acquisition of Company shares,reading as follows:

"Acting pursuant to Art. 69.1.1 of the Act on Public Offering,Conditions Governing the Introduction of Financial Instruments toOrganised Trading, and Public Companies of July 29th 2005 (consolidatedtext: Dz.U. of 2019, item 623), Powszechne Towarzystwo Emerytalne PZUS.A., acting on behalf of the open-end pension fund Otwarty FunduszEmerytalny PZU Złota Jesień (OFE PZU), hereby notifies you thatfollowing the execution on April 11th 2019 of a transaction to purchase23,109 (twenty-three thousand, one hundred and nine) shares in KRUK S.A.(ISIN PLKRK0000010) at the Warsaw Stock Exchange, upon settlement of thetransaction on April 15th 2015, OFE PZU reached more than 5% of thetotal voting rights in the company.

The table below presents the number of shares and voting rights heldprior to and following the transaction.

I. Prior to the transaction: Number of shares held 943,821, % of sharecapital held 4.997, Number of voting rights held 943,821, % of totalvoting rights 4.997

II. After the transaction: Number of shares held 966,930, % of sharecapital held 5.120, Number of voting rights held 966,930, % of totalvoting rights 5.120

OFE PZU notifies you that it does not have any subsidiaries holdingshares in KRUK S.A., no situation referred to in Art. 69.4.4 of the saidAct arises, and it does not hold any financial instruments referred toin Art. 69b.1.1) and 2) of the said Act."