Registration of change in the share capital of the company PHU "Lubinpex" Sp. z o.o.

Wednesday, 19 January, 2005

The Management Board of KGHM Polska Miedź S.A. announces that on 11 January 2005 the Regional Court for Wrocław Fabryczna in Wrocław, Section IX (Economic) of the National Court of Registration registered a change in the share capital of the company PHU "Lubinpex" Sp. z o.o. with its registered head office in Lubin (an indirect subsidiary of KGHM Polska Miedź S.A.). 4 907 shares were retired. The share capital of PHU "Lubinpex" Sp. z o.o. after registration amounts to PLN 4 215 thousand and is divided into 79 393 shares of PLN 50 each.

Following registration of this change in share capital, PHP "Mercus" Sp. z o.o. (a subsidiary of KGHM Polska Miedź S.A.) owns 74 300 shares, representing 93.59% of the share capital of PHU "Lubinpex" Sp. z o.o. and granting the right to the same number of votes at the General Shareholders Meeting.

The total number of votes arising from all issued shares after registration of this change in share capital is 79 393.