Decision of the Court of Appeals regarding abrogation of a resolution of the Ordinary General Shareholders Meeting 2007-01-17

Wednesday, 17 January, 2007

The Management Board of KGHM Polska Miedź S.A. announces that on 16 January 2007 the Court of Appeals in Wrocław passed a judgement in which it dismissed the appeal of the Company against the ruling of the Regional Court in Legnica abrogating resolution Nr 8/2006 of the Ordinary General Shareholders Meeting of KGHM Polska Miedź S.A. in Lubin not granting approval to the performance of a member of the Management Board of the Company.

Apart from that, the Regional Court in Legnica has passed 3 judgements related to abrogating resolutions of the Ordinary General Shareholders Meeting of the Company not granting approval to performance of the Management Board members. In these judgements, one of the resolutions has been abrogated (resolution Nr 9/2006) and in case of the other two members of the Management Board (resolutions Nr 10/2006 and 12/2006), their claims hale been dismissed. In both cases the plaintiffs have made an appeal against these rulings.

The Company will appeal against the judgement abrogating resolution Nr 9/2006.

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)