Ruling of the Regional Administrative Court on the conclusion of VAT proceedings

Thursday, 31 March, 2005

The Management Board of KGHM Polska Miedź S.A. announces that on 31 March 2005 it was informed that, at the request of the Director of the Tax Office in Wrocław, the Regional Administrative Court in Wrocław issued a Ruling on the conclusion of proceedings in the matter of VAT for specific months of 2000.

As a result of this new decision issued by the Director of the Tax Office in Wrocław, there will be a refund of the VAT overpayment for 2000 in the amount of PLN 44 863.8 thousand together with interest due.