The Management Board of KGHM Polska Miedź S.A. wishes to announce that on 5 April 2006 the Regional Court in Jelenia Góra, Section VIII (Economic) for bankruptcy and remediary proceedings, issued a ruling upon declaration of bankruptcy of the company Przedsiębiorstwo Eksploatacji Wód AQUAKONRAD S.A. in liquidation in Iwiny (an indirect subsidiary of KGHM Polska Miedź S.A.). The court appointed a court commissioner, Ewa Byik, and a receiver, Przemysław Jedliński.
The ruling on this bankruptcy will come into legal force on 12 April 2006.
The announcement of bankruptcy was submitted to the Regional Court in Jelenia Góra, Section VIII (Economic) for bankruptcy and remediary proceedings by the liquidator of the company AQUAKONRAD S.A. in liquidation on 22 March 2006.
The share of KGHM Metale DSI S.A. (a direct subsidiary of KGHM Polska Miedź S.A.) in the share capital of AQUAKONRAD S.A. in liquidation amounts to 90.40%. The book value of the company in the accounts of KGHM Metale DSI S.A. amounts to PLN 0.
Legal basis: §5, Section 1 point 24 of the Decree of the Minister of Finance dated October 19, 2005, regarding current and periodic information disclosed by the issuers of securities (Journal of Laws from 2005 Nr 209, item 1744).