The Management Board of KGHM Polska Miedź S.A. announces that on 16 December 2005 a contract was signed between KGHM Polska Miedź S.A. and MKM Mansfelder Kupfer und Messing GmbH in Hettstedt for the sale of copper cathodes in 2006.
The estimated value of this contract is USD 362 288.9 thousand (PLN 1 168 635.1 thousand). This amount was estimated based on the most recent copper quotations and National Bank of Poland exchange rates from 16 December 2005.
The criteria used for describing the contract as significant is that its estimated value exceeds 10% of the equity of KGHM Polska Miedź S.A.
Legal basis: § 5 sec. 1 point 3, Decree of the Council of Ministers dated 19 October 2005 regarding current and periodic information provided by issuers of securities (Journal of Laws from 2005 Nr 209, item 1744).