Bond Issuance Program Agreement

Monday, 10 May, 2010
Report no. 17/2010

The Management Board of KGHM Polska Miedź S.A. announces that on 10 May 2010 a Bond Issuance Program Agreement („Program”) was signed. The parties to the agreement are KGHM Polska Miedź S.A. as Issuer, BANK PEKAO S.A. as Organiser, Issue Agent and Dealer, and PKO BANK POLSKI S.A. and BANK HANDLOWY W WARSZAWIE S.A. as Co-Organisers, Sub-Agents and Dealers. 
The Program provides for the possible multiple issuance of bearer bonds, with maturity of from 30 days to 10 years („Bonds”), in dematerialised form in accordance with the Act on bonds dated 29 June 1995 (Journal of Laws No. 120 from 2001, item 1300 with subsequent amendments) (“Act on bonds”). The issuance of the Bonds will be based on art. 9 sec. 3 of the Act on bonds and they will be non-public offers. 
Bonds under the Program will be issued in Polish zloties, in respect of which the per-bond face value will be PLN 10 000, or a multiple of this amount. The issue price will be set during the Bond offer process. The maximum total amount of debt due to bonds from this Program may not exceed PLN 500 000 000. 
The funds obtained from the issuance of Bonds will be allocated to finance the current activities of the Company. The Agreement has an unspecified lifetime. 

Legal basis: art. 56 sec. 1 point 1 of the Act dated 29 July 2005 on public offerings and conditions governing the introduction of financial instruments to organised trading, and on public companies (Journal of Laws from 2005 No. 184, item 1539 with subsequent amendments)