Dividend payment proposal

Tuesday, 15 March, 2005

The Management Board of KGHM Polska Miedź S.A. announces that it has decided to submit a proposal for consideration by the General Shareholders Meeting for payment of a dividend, from the net profit earned for the year 2004, in the amount of PLN 0.50 per share (i.e. a total of PLN 100 000 000).

This proposal, prior to submittal to the General Shareholders Meeting, must be reviewed by the Supervisory Board of the Company.