Decision of the Management Board of KGHM Polska Miedź S.A. regarding Telefonia Dialog S.A.

Wednesday, 05 December, 2007

The Management Board of KGHM Polska Miedź S.A. announces that on 5 December 2007 it consented to the sale of newly issued shares of Telefonia Dialog S.A. by means of a public offering, as well as to pursue admittance of Telefonia Dialog S.A. shares to trading in the regulated market in Poland. KGHM Polska Miedź S.A. owns 100 percent of all shares of Telefonia Dialog S.A. It is contemplated that, subsequent to the offer of newly issued shares, participation of KGHM Polska Miedź S.A. in the capital of Telefonia Dialog S.A. will be not less than 65 percent of all shares.

The owner's final decision as to the initial public offering of Telefonia Dialog S.A. shares will occur upon completion of the book-building process. 

Legal basis: art. 56 sec.1 point 1 of the Act dated 29 July 2005 on public offerings and conditions governing the introduction of financial instruments to organised trading, and on public companies (Journal of Laws Nr 184, item 1539)