Decision of the Court of Appeals regarding abrogation of a resolution of the Ordinary General Shareholders Meeting

Tuesday, 27 March, 2007

The Management Board of KGHM Polska Miedź S.A. announces that on 27 March 2007 the Court of Appeals in Wrocław passed a judgement in which it allowed the appeal of KGHM Polska Miedź S.A. against the ruling of the Regional Court in Legnica abrogating resolution Nr 9/2006 of the Ordinary General Shareholders Meeting of KGHM Polska Miedź S.A. dated 14 June 2006 not granting approval to the performance of a former member of the Management Board. By changing the judgement of the Regional Court, the Court of Appeals dismissed the claim of the former member of the Management Board related to abrogating the above-mentioned resolution. 

Legal basis: § 39 sec. 1 point 6 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)