Court approval of acquisition of Quadra FNX Mining Ltd

Tuesday, 21 February, 2012
Report no. 9/2012

The Management Board of KGHM Polska Miedź S.A. („KGHM”) announces that the Supreme Court of British Columbia has issued the final order approving the transaction described in the binding conditional agreement entered into between KGHM and Quadra FNX Mining Ltd („Quadra FNX”) dated 6 December 2011. As a result of this transaction, KGHM, through its special purpose wholly controlled company, founded under British Columbia law, will acquire from the existing shareholders, under a Plan of Arrangement recommended by the Board of Directors of Quadra FNX, the shares of Quadra FNX, representing 100% of the share capital of this company. 
Receipt of this approval fulfills an another condition precedent toward closure of the transaction. Closure of the transaction is contingent on fulfillment of the final condition precedent, which is receipt of the approval of the Canadian Minister of Industry 
See also current report no. 40/2011 dated 6 December 2011, no. 1/2012 dated 4 January 2012, and current report no. 8/2012 dated 20 February 2012, 

Legal basis: § 5 sec. 1 point 4 the Decree of the Minister of Finance dated 19 February 2009 regarding current and periodic information published by issuers of securities and conditions for recognising as equivalent information required by the laws of a non-member state (Journal of Laws from 2009 No. 33, item 259 with subsequent amendments).