The Management Board of KGHM Polska Miedź S.A., in reference to regulatory filing no. 4/2021 dated 17 February 2021, announces that the major work related to testing for the impairment of the Franke mine belonging to the KGHM Polska Miedź S.A. Group and the major work related to the verification of the recoverable amount of:
1) the assets of KGHM Polska Miedź S.A. in the form of shares in subsidiaries and Investment Certificates of Funds managed by KGHM TFI S.A. (to be recognised in the separate financial statements of KGHM Polska Miedź S.A.),2) the assets of units described in point 1), including shares in portfolio companies of the Funds and their assets (to be recognised in the consolidated financial statements of the KGHM Polska Miedź S.A. Group),
in respect of which indications of possible impairment were identified.
Information on the results of the conducted tests for impairment is in the appendix to this report.