Recommendation of the Management Board respecting the amount of the dividend

Friday, 14 April, 2006

The Management Board of KGHM Polska Miedź S.A. hereby announces that on 13 April 2006 it passed a resolution in which it resolved to alter its proposal to the General Shareholders Meeting respecting the manner of distribution of profit for 2005, including the amount of the dividend, from PLN 700 000 thousand, i.e. PLN 3.50/share to PLN 1 100 000 thousand, i.e. PLN 5.50/share.

The Management Board of KGHM Polska Miedź S.A. will propose to the General Shareholders Meeting the following dividend-related dates:

  • the dividend date (record date) - 23 June 2006
  • dividend payment date - 11  July 2006

The above proposal of the Management Board must be evaluated by the Supervisory Board of the Company before it is submitted to the General Shareholders Meeting.

A final decision respecting the distribution of the profit of KGHM Polska Miedź S.A. for 2005 will be made by the General Shareholders Meeting of KGHM Polska Miedź S.A.

Legal basis: §39, sec. 1 point 7 of the Decree of the Minister of Finance dated October 19, 2005, regarding current and periodic information disclosed by the issuers of securities (Journal of Laws from 2005 Nr 209, item 1744).