Registration of a change in share capital by the company KGHM Cuprum Sp. z o.o.-CBR

Friday, 11 August, 2006

The Management Board of KGHM Polska Miedź S.A. announces that on 2 August 2006 a change in share capital was registered in the Regional Court for Wrocław-Fabryczna in Wrocław, Section VI (Economic) of the National Court of Registration for the company KGHM Cuprum Sp. z o.o.-CBR with its registered head office in Wrocław (a subsidiary of KGHM Polska Miedź S.A.). The share capital of KGHM Cuprum Sp. z o.o.-CBR was increased by PLN 5 000 thousand through the creation of 10 000 shares with a face value of PLN 500 each.

All of the new shares were acquired by KGHM Polska Miedź S.A. at their face value, i.e. PLN 500 each. These shares were paid for in cash. The shares acquired represent 58.78% of the share capital of KGHM Cuprum Sp. z o.o.-CBR and grant the right to the same number of votes. The carrying value of these assets in the accounts of KGHM Polska Miedź S.A. is PLN 5 000 thousand.

Currently the share capital of KGHM Cuprum Sp. z o.o.-CBR amounts to PLN 8 506.5 thousand and is divided into 17 013 shares of PLN 500 each. The total number of votes arising from all shares after registration of this change in share capital is 17 013.

After registration of this change in the share capital of KGHM Cuprum Sp. z o.o.-CBR, KGHM Polska Miedź S.A. continues to own 100% of the share capital of this company.

The acquisition of these assets was financed using the internal funds of KGHM Polska Miedź S.A.

The acquisition of these assets is of a long-term, equity investment nature.

The criteria used for describing the assets as significant is that the financial assets acquired by KGHM Polska Miedź S.A. exceed 20% of the share capital of KGHM Cuprum Sp. z o.o.-CBR.

Legal basis: § 5 section 1 points 1 and 9 of the Decree of the Minister of Finance dated 19 October 2005 regarding current and periodic information published by issuers of securities (Journal of Laws from 2005 Nr 209, item 1744)