Dividend Policy

Monday, 26 January, 2015

The Management Board of KGHM Polska Miedź S.A. announces that on 26 January 2015 it resolved to adopt a Dividend Policy for KGHM Polska Miedź S.A.

The Dividend Policy of KGHM Polska Miedź S.A. is part of its on-going efforts to ensure a balance between dividends paid out to shareholders and opportunities to efficiently invest the Company’s funds.

The Dividend Policy of KGHM Polska Miedź S.A. assumes that the Management Board will recommend allocation of up to one-third of the Company’s net profit for the previous financial year as a dividend, while taking into account the current and anticipated financial situation of the Company and the Group. In particular, in making its recommendation the Management Board will take into account the Company’s anticipated requirements for capital to complete the Company’s development program as well as a safe debt level for the Group.

The final decision regarding the amount of dividends paid is made by the General Meeting of KGHM Polska Miedź S.A.

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  (unified text: Journal of Laws 2013.1382).