20122011201020092008200720062005
A competitive level of dividend payouts 41%** 51%** 63%** 26%** 84%** 46%** 98%** 95%**
Peers* 51% 21% 48% 24% 13% 29% 41% 74%

* % profit allocated as a dividend for given year – Peers (average)
**% profit allocated as a dividend for given year – KGHM
Average dividend paid by KGHM in the years 2005-2012 (61%)
Average dividend paid by peers in the years 2005-2012 (32%)
* Peer – a company whose operating profile and scale of operations is similar to that of KGHM