Identification of indications to conduct tests for the impairment of assets

Wednesday, 30 December, 2015

The Management Board of KGHM Polska Miedź S.A. (“the Company”) announces that due to volatility in the macroeconomic environment, including relatively low level of prices on the commodity markets, which has influenced the market capitalisation of KGHM Polska Miedź S.A. as at the end of financial year 2015 to remain significantly below the carrying amount of net assets, indications to conduct tests for impairment of the carrying amount of assets in accordance with IAS 36 were identified. The results of the tests will be disclosed by the Company in a separate current report.

Legal basis: art. 56 section 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).