Opening of liquidation proceedings for KGHM CONGO S.P.R.L.

Monday, 28 December, 2009
Report no. 46/2009

The Management Board of KGHM Polska Miedź S.A. announces that on 28 December 2009 an application for the voluntary liquidation of KGHM CONGO S.P.R.L. was submitted to the Commercial Court in Lubumbashi, based on a Resolution by the Extraordinary General Shareholders’ Meeting of KGHM CONGO S.P.R.L. dated 17 December 2009. Liquidation will commence on 1 January 2010, in accordance with the laws in force in the Democratic Republic of Congo. 
Grzegorz Lipień and Renata Ochocka have been designated as the liquidators of KGHM CONGO S.P.R.L. with its registered head office in Lubumbashi. 
The decision to liquidate KGHM CONGO S.P.R.L. with its registered head office in Lubumbashi was made due to the termination by the company of an investment project in the Democratic Republic of Congo. 
KGHM Polska Miedź S.A. owns 99.98% of the shares of KGHM CONGO S.P.R.L., which are recognised in the statement of financial position under available-for-sale financial asets at a carrying amount equal to 0. 

Legal basis: § 5 sec. 1 point 24 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 (Journal of Laws from 2009 No. 33, item 259 with subsequent amendments)