Court decision on the invalidity of a resolution of the General Shareholders Meeting

Tuesday, 18 September, 2007

The Management Board of KGHM Polska Miedź S.A. announces that on 18 September 2007 the Regional Court in Legnica, Section VI (Economic), in proceedings with the identification number Sygn. akt VI GC 45/07, issued a decision in which the court ascertained the invalidity of resolution Nr 3/2007 of the Extraordinary General Shareholders Meeting of KGHM Polska Miedź S.A. dated 09 July 2007 respecting the correction of resolution nr 39/2007 of the Ordinary General Shareholders Meeting of KGHM Polska Miedź S.A. dated 30 May 2007 on the distribution of profit for financial year 2006 and setting of the right to dividend date and dividend payment dates.

This decision is not final and binding. Upon receipt of an official copy of this decision together with the justification, the Company will make a decision as to whether to submit an appeal of this decision.

Therefore, remaining in force is the decision of the Court dated 1 August 2007 on safeguarding the suit by prohibiting payment of the second tranche of the dividend in the amount of PLN 1 696 000 000.00.

Legal basis: § 39 section 1 point 6 and 7 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)