Decision of the Court of Appeals respecting the appeal of KGHM Polska Miedź S.A. of the decision of the Regional Court dated 18 September 2007 alleging the invalidity of a resolution of the Extraordinary General Shareholders' Meeting dated 9 July 2007

Wednesday, 28 November, 2007

The Management Board of KGHM Polska Miedź S.A. announces that the Court of Appeals in Wrocław, in a decision announced on 28 November 2007, with the identification number sygn. akt I ACa 1164/07, found in favor of the appeal of the Company and changed the decision of the Regional Court in Legnica dated 18 September 2007, with the identification number sygn. akt VI GC 45/07, by dismissing the shareholder suit alleging the invalidity of resolution Nr 3/2007 of the Extraordinary General Shareholders Meeting of KGHM Polska Miedź S.A. dated 9 July 2007 respecting the correction of resolution Nr 39/2007 of the Ordinary General Shareholders Meeting 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. 

The decision of the Court of Appeals is legally binding. 

The Management Board of the Company will make a decision as to realisation of resolution Nr 39/2007 of the Ordinary General Shareholders Meeting of KGHM Polska Miedź S.A. dated 30 May 2007, corrected by resolution Nr 3/2007 of the Extraordinary General Shareholders Meeting of KGHM Polska Miedź S.A. dated 9 July 2007, without unnecessary delay. 

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)