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

Friday, 24 June, 2005
The Management Board of KGHM Polska Miedź S.A. announces that the Supervisory Board of the Company at its meeting of 23 June 2005 recalled Wiktor Błądek from the function of President of the Management Board of KGHM Polska Miedź S.A.
At the same time the Supervisory Board appointed Marek Szczerbiak, who until now had served as a Vice President of the Management Board, as President of the Management Board of KGHM Polska Miedź S.A.
The Supervisory Board appointed Wiktor Błądek as a Vice President of the Management Board.
The Supervisory Board appointed Sławomir Pakulski to the Management Board as a Vice President of the Management Board.
 
Additionally, the Supervisory Board of KGHM Polska Miedź S.A. at its meeting of 23 June 2005 resolved that the Management Board of KGHM Polska Miedź S.A. will be composed of six Members, including the President of the Management Board, the First Vice President of the Management Board and four Vice Presidents of the Management Board.
 
The Company will provide information on the newly-appointed Member of the Management Board, as required by the Decree of the Council of Ministers dated 21 March 2005 regarding current and periodic information provided by issuers of securities, at a later date in the form of an individual current report.