Opening of liquidation proceedings of a subsidiary

Tuesday, 24 March, 2015

The Management Board of KGHM Polska Miedź S.A. announces that on 23 March 2015 the Shareholders of International Molybdenum Limited, with its registered office in the United Kingdom, adopted a resolution approving the voluntary liquidation of the company pursuant to section 84(1)(b) of the Insolvency Act 1986. International Molybdenum Limited is a subsidiary of KGHM (Barbados) Holdings Ltd., a wholly-owned subsidiary of KGHM International Ltd.

The decision to liquidate the company was made due to the fact that the company, International Molybdenum Limited, does not conduct activities. The liquidation is aimed at simplifying the KGHM International Ltd.’s corporate group structure.

As per the Shareholders resolution, the following were appointed as Joint Liquidators of International Molybdenum Limited: Hayley Maddison MIPA, MABRP & Anthony Kent MIPA, MABRP of Maidment Judd, The Old Brewhouse, 49-51 Brewhouse Hill, Wheathampstead, St Albans, Herts, AL4 8AN, UK.

The Shareholders’ resolutions will be sent to the Registrar of Companies House within 15 days of the date of the resolutions being passed.

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 (unified text: Journal of Laws 2014.133).