Registration of a change in the share capital of PeBeKa S.A.

Friday, 05 September, 2008
Report no. 44/2008

The Management Board of KGHM Polska Miedź S.A., announces that on 26 August 2008 a change in share capital was registered at the Regional Court for Wrocław-Fabryczna in Wrocław, Section IX (Economic) of the National Court of Registration for a subsidiary of KGHM Polska Miedź S.A. – PeBeKa S.A. The share capital of PeBeKa S.A. was increased by PLN 18 715.0 thousand through the creation of 306 804 shares having a face value of PLN 61.00 each. 

All of the newly-created shares were acquired by KGHM Polska Miedź S.A. at face value, i.e. PLN 61.00 each, and were paid for in cash. 
The carrying amount of the acquired assets in the accounts of KGHM Polska Miedź S.A. is equal to their nominal value. 
The shares acquired represent 37.78% of the share capital of PeBeKa S.A. 

Acquisition of these assets was financed by the internal funds of KGHM Polska Miedź S.A. The assets acquired are of a long-term, equity investment nature. 
Currently the share capital of PeBeKa S.A. amounts to PLN 49 538.2 thousand and is divided into 812 101 shares of PLN 61.00 each. The total number of votes arising from all created shares after registration of this change in share capital is 812 101. 
100% of the share capital of PeBeKa S.A. is owned by KGHM Polska Miedź S.A. Therefore KGHM Polska Miedź S.A. has the right to 100% of the votes at the General Meeting of the company. 
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 PeBeKa S.A. 

Legal basis: § 5 sec. 1 point 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 No. 209, item 1744)