The Management Board of KGHM Polska Miedź S.A. announces that on 12 September 2006 a contract was signed between KGHM Polska Miedź S.A. and Trafigura Beheer B.V. Amsterdam for the purchase by KGHM Polska Miedź S.A. of 3000 tonnes of copper-bearing material during the period September-November 2006. The estimated value of the contract is USD 30 769.1 thousand (PLN 96 424.3 thousand). This amount was estimated based on the anticipated prices and the amount of recoverable metal in material, as well as on the National Bank of Poland exchange rate from 11 September 2006.
The total value of contracts entered into over the last 12 months between KGHM Polska Miedź S.A. and Trafigura Beheer B.V. Amsterdam exceeded 10 % of the equity of the Company and amounts to PLN 599 626.8 thousand. The highest-value contract during this period was signed on 10 February 2006 and related to the purchase of copper-bearing materials valued at PLN 171 761.6 thousand.
The criteria used for describing the contract as significant is that the total estimated value of the contracts 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)