Acquisition of shares of a new issue by the company “Zagłębie” Lubin Sportowa Spółka Akcyjna

Monday, 30 July, 2007

The Management Board of KGHM Polska Miedź S.A. announces that on 30 July 2007 KGHM Polska Miedź S.A. and „Zagłębie" Lubin SSA (a subsidiary of KGHM Polska Miedź S.A.) signed an Agreement for the Acquisition of Shares of the company „Zagłębie" Lubin SSA. KGHM Polska Miedź S.A. acquired 100 000 registered ordinary shares of the new issue, series „AE”, having an issue price equal to the nominal value of PLN 1 000 per share.

The total increase in capital amounts to PLN 100 000 thousand. The carrying amount of the assets acquired is equal to their nominal value.

The shares will be paid for in cash in the following tranches:

1st tranche: PLN 25 000 thousand – by 30 September 2007,

2nd tranche: PLN 50 000 thousand – by 31 March 2008,

3rd tranche: PLN 25 000 thousand – by 30 June 2008.

The shares acquired by KGHM Polska Miedź S.A. represent 87.96% of the increased share capital of the company „Zagłębie” Lubin SSA.

After this increase, the share capital of „Zagłębie” Lubin SSA amounts to PLN 113 689 thousand and is divided into 113 689 ordinary shares, having nominal value of PLN 1 000 each. KGHM Polska Miedź S.A. owns 100% of shares, which is equal to the amount of votes. This change in the share capital of „Zagłębie” Lubin SSA has not yet been registered.

The funds obtained from this increase in share capital are to be used for the construction of a stadium.

KGHM Polska Miedź S.A. financed the acquisition of these assets using its internal funds.

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

The criteria used for describing the assets as significant is that the shares acquired represent over 20% of the share capital of „Zagłębie” Lubin SSA.

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 Nr 209, item 1744)