Changes in the Management Board of KGHM Polska Miedź S.A.

Friday, 24 February, 2006

The Management Board of KGHM Polska Miedź S.A. announces that the Supervisory Board of the Company, at its meeting on 24 February 2006, appointed Krzysztof Skóra to the position of President of the Management Board of KGHM Polska Miedź S.A.

On 24 February 2006 Krzysztof Skóra submitted his resignation from the position of Member of the Supervisory Board of KGHM Polska Miedź S.A.

The Supervisory Board on 24 February 2006 recalled Jarosław Andrzej Szczepek from the position of Member of the Management Board - I Vice President of the Management Board, and the following persons from the position of Member of the Management Board - Vice President of the Management Board: Andrzej Krug, Robert Nowak and Sławomir Pakulski.

Simultaneously, the Supervisory Board of KGHM Polska Miedź S.A. on 24 February 2006 appointed Maksymilian Bylicki to the position of Member of the Management Board - I Vice President of the Management Board, and the following persons to the position of Member of the Management Board - Vice President of the Management Board: Mirosław Biliński, Marek Fusiński and Ireneusz Reszczyński.

The Company will provide information on the newly-appointed Members of the Management Board, 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 21 and point 22 of the Decree of the Minister of Finance dated 19 October 2005 regarding current and periodic information published by issuers of securities (Journal of Laws from 2005 Nr 209, item 1744)