Appointment of the Management Board to a new term

Wednesday, 31 May, 2006

The Management Board of KGHM Polska Miedź S.A. announces that the Supervisory Board at its meeting on 31 May 2006, due to the expiration of the Vth term Management Board of KGHM Polska Miedź S.A., appointed Krzysztof Skóra as President of the VIth term Management Board of KGHM Polska Miedź S.A. along with the following members of the Management Board: Maksymilian Bylicki, Marek Fusiński, Stanisław Kot and Ireneusz Reszczyński.

The resolutions on the appointment of the President and the Members of the Management Board will come into force upon the conclusion of the Ordinary General Shareholders Meeting.

The Company will provide information on the newly-appointed Member of the Management Board, Stanisław Kot, as required by the Decree of the Minister of Finance dated 19 October 2005 regarding current and periodic information published by issuers of securities, at a later date in the form of an individual current report.

Legal basis: § 5, sec. 1 point 22 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).