Acquisition of shares of „Biowind” Sp. z o.o. by „Energetyka” sp. z o.o.

Tuesday, 06 January, 2009
Report no. 1/2009

The Management Board of KGHM Polska Miedź S.A. announces that on 5 January 2009 an agreement for the acquisition of the shares of the company „Biowind” Sp. z o.o. with its registered head office in Gdańsk was entered into between „Energetyka” sp. z o.o. (a subsidiary of KGHM Polska Miedź S.A.) and two physical persons.

Based on this agreement, „Energetyka” sp. z o.o. acquired 1000 shares with a nominal value of PLN 50 each, having a total nominal value of PLN 50 thousand, representing 100% of the shares of „Biowind” Sp. z o.o. and granting 100% of the votes at the General Shareholders’ Meeting of „Biowind” Sp. z o.o.
The purchase price for the shares amounts to PLN 450 thousand. The shares were paid for in cash.

The share capital of „Biowind” Sp. z o.o. amounts to PLN 50 thousand and is divided into 1000 shares with a nominal value of PLN 50 per share.

The carrying amount of the assets in the accounts of „Energetyka” sp. z o.o. is PLN 450 thousand.

The acquisition of these assets was financed using the internal funds of „Energetyka” sp. z o.o.

The assets acquired are of a long-term, equity investment nature.

There is no relation between KGHM Polska Miedź S.A. and the management and supervisory personnel of KGHM Polska Miedź S.A. and the sellers of these shares.

The purchase of shares of „Biowind” Sp. z o.o., holding a lease on property (around 300 hectares) in the Warmińsko-Mazurskie Voivodeship, enables the commencement of formal procedures aimed at realising an investment related to the construction of a wind farm.

The criteria used for describing the assets as significant is that the financial assets acquired by „Energetyka” sp. z o.o. exceed 20% of the share capital of „Biowind” Sp. z o.o.

Legal basis: § 5 sec. 1 point 1 of the Decree of the Minister of Finance dated 19 October 2005 regarding current and periodic information published by issuers of securities (Journal of Laws from 2005 No. 209, item 1744)