Declaration of the Management Board of KGHM Polska Miedź S.A.

Monday, 11 February, 2008
Report no. 7/2008

The Management Board of KGHM Polska Miedź S.A., due to uncertainty amongst investors and analysts caused by information on the future financial results of the Company cited in an article titled „Będą spięcia o prywatyzację w koalicji PO-PSL? (Conflicts on privatisation in the PO-PSL coalition?)” in today’s issue of the newspaper Gazeta Wyborcza, wishes to announce the following: 

The Management Board has accepted, and provided to the Supervisory Board for its approval, the Budget for 2008, assuming the achievement of a high net profit. The financial projection prepared by the Management Board of the Company for future years likewise forecasts the continuation of positive financial results. 

The Company, in accordance with current practice, will publish significant assumptions and planned financial results for 2008 after approval of the Budget by the Supervisory Board of the Company. 

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)