The Management Board of KGHM Polska Miedź S.A. announces that on 8 February 2006 the Management Board of KGHM Polska Miedź S.A. entered into an agreement:
a) with all of the trade unions, setting the average monthly wage rate increase factor in the Company for 2006 at 0%; this means that overall wages in the Company in the current year will be such that they do not cause an increase in relation to the prior year and will be in accordance with the amount provided for in the approved budget of the Company for 2006.The agreement assumes that, as part of the parameters described above, the table of basic wage rates will be increased, while in the Divisions of the Company there will be an increase in employee wage categories.
b) with the trade union Związek Zawodowy Pracowników Przemysłu Miedziowego, ending a collective dispute initiated by the trade union on 20 December 2005. With respect to the wage demands being the subject of the dispute, the agreement does not depart from the provisions entered into with all of the trade unions.
Legal basis: art. 56 sec. 1 point 1 of the Act dated 29 July 2005 on public offerings, conditions governing the introducing of financial instruments to organised trading, and public companies (Journal of Laws from 2005 Nr 184, item 1539)