Announcement of a break in the Ordinary General Shareholders Meeting, resolutions of the Meeting

Wednesday, 31 May, 2006

The Management Board of KGHM Polska Miedź S.A. announces that the Ordinary General Shareholders Meeting of KGHM Polska Miedź S.A. convened on 31 May 2006 ordered a break in the General Shareholders Meeting until 14 June 2006, at 11.00.

Following are the resolutions passed until the time of the break in the General Shareholders Meeting:

Resolution Nr 1/2006

regarding election of the Chairman of the General Shareholders Meeting, with the following wording:

 “On the basis of art. 409 § 1 of the Commercial Partnerships and Companies Code,

§ 28 section 1 of the Statutes of KGHM Polska Miedź S.A. and § 5 sec. 3 of the Regulations of the General Meeting of KGHM Polska Miedź S.A. with its registered head office in Lubin, the following is resolved:

I. Andrzej Leganowicz is hereby elected as Chairman of the General Meeting.

II. This resolution comes into force on the date it is taken.”

Resolution Nr 2/2006

regarding acceptance of the agenda of the General Shareholders Meeting, with the following wording:

“The General Shareholders Meeting resolves the following:

I. The agenda is hereby accepted, as set down and announced by the Management Board of KGHM Polska Miedź S.A. in the announcement on the convening of an Ordinary General Shareholders Meeting, as placed in the official government publication Monitor Sądowy i Gospodarczy dated 9 May 2006, Nr 89/2006, item 5191.

II. This resolution comes into force on the date it is taken.”

Resolution Nr 3/2006

with the following wording:

 “On the basis of art. 408 § 2 of the Commercial Partnerships and Companies Code, the following is resolved:

I.  A break is hereby ordered in the General Shareholders Meeting until 14 June 2006, at 11.00.

II. This resolution comes into force on the date it is taken.”

Objections were raised to Resolution Nr 3/2006.

Legal basis: §39, Sec. 1 point 4 and point 5 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).