Change of the proposed resolution of the Ordinary General Shareholders Meeting

Friday, 02 June, 2006
The Management Board of KGHM Polska Miedź S.A. announces that as a result of a resolution by the Ordinary General Shareholders Meeting of KGHM Polska Miedź S.A., convened for 31 May 2006, ordering a break in the Meeting until 14 June 2006 at 11.00, which prevents adherance to the previously-proposed dividend dates (i.e. the right to dividend date and the dividend payment date), the Management Board  has accepted a new proposal in regard to dividend dates.
Below we present proposed resolution regarding the distribution of Company profit for financial year 2005 to point 8 of the agenda of the Ordinary General Shareholders Meeting, changed in regard to the right to dividend date and the dividend payment date.
Proposal /5/ to point 8 of the agenda
Resolution Nr ......./2006  of the Ordinary General Shareholders Meeting of KGHM Polska Miedź S.A. with its registered head office in Lubin dated 14 June 2006 regarding: the distribution of Company profit for financial year 2005.
On the basis of art. 395 § 2 point 2 and art. 348 §  3 of the Commercial Partnerships and Companies Code and on § 29 section 1 point 2 and § 35 of the Statutes of KGHM Polska Miedź S.A., with due regard being given to the results of the evaluation by the Supervisory Board of the proposals made by the Management Board, the following is resolved:
I. Following review of the proposal of the Management Board concerning distribution of profit for the financial year 2005, the General Shareholders Meeting hereby resolves that:
the profit of KGHM Polska Miedź S.A. for the financial year 2005 in the amount of PLN 2 289 355 871.59  [PLN 2 289 356 thousand] or two billion, two hundred eighty-nine million, three hundred fifty-five thousand, eight hundred and seventy-one and fifty-nine one-hundredths PLN, shall be distributed in the following manner:
  • to shareholders dividends PLN 1 100 000 000.00, representing PLN 5.50 per share,
  • to reserve capital  PLN 1 189 355 871.59.
II. The General Shareholders Meeting hereby establishes the following dates:
  • right to dividend date: 7 July 2006,
  • dividend payment date: 2 August 2006.
III. This resolution comes into force on the date it is taken.
Legal basis: § 39 sec. 1 point  3 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)