The Management Board of KGHM Polska Miedź S.A. announces that on 6 October 2006 a contract was entered into between KGHM Polska Miedź S.A. and Glencore International AG for the sale of cathodes during the period January 2007 - June 2008. The value of the contract is estimated at USD 307 295.0 thousand, i.e. PLN 951 600.4 thousand. The value of the contract was estimated based on the forecast copper price (using a forward curve) and the National Bank of Poland exchange rate of 5 October 2006.
The criteria used for describing the contract as significant is that the value of the contract exceeds 10% of the equity of KGHM Polska Miedź S.A.
Legal basis: § 5 sec. 1 point 3 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)