Fulfilment of the condition specified in the significant commercial contract with Tele-Fonika Kable S.A.

Friday, 11 December, 2015
23/2015

The Management Board of KGHM Polska Miedź S.A., in reference to current report no. 16/2015 dated 8 May 2015 concerning a commercial contract which was signed on 8 May 2015 between KGHM Polska Miedź S.A. and Tele-Fonika Kable S.A. for the sale of copper wire rod in the years 2016 – 2018 with the option to extend it for a subsequent two years (“the Contract”), announces that on 11 December 2015 it received from Tele-Fonika Kable S.A. confirmation of the fulfilment of the condition precedent specified in the Contract, i.e. the receipt by Tele-Fonika Kable S.A. of financing necessary for the repayment of financial liabilities specified in the Contract (“the Condition Precedent”).

As the Condition Precedent specified in the Contract has been fulfilled, the Contract will come into force on 1 January 2016 and on that day KGHM Polska Miedź S.A. will begin the sale of copper wire rod under the terms specified in the Contract.

Legal basis: § 5 sec. 1 point 4 of the Decree of the Minister of Finance dated 19 February 2009 regarding current and periodic information published by issuers of securities and conditions for recognising as equivalent information required by the laws of a non-member state (unified text: Journal of Laws from 2014 No. 133)