Significant contract

Wednesday, 02 December, 2009
Report no. 42/2009

The Management Board of KGHM Polska Miedź S.A. announces that on 1 December 2009 a further contract was entered into with HSBC Bank USA N.A., London Branch. As a result of entering into this contract, the total estimated value of contracts entered into between KGHM Polska Miedź S.A. and HSBC Bank USA N.A., London Branch over the last 12 months exceeded 10% of the equity of the Company and amounts to PLN 1 010 705 787. 
The highest-value contract entered into during this period is the contract for silver sales in 2009 entered into on 27 March 2009. The current estimated value of this contract is PLN 671 445 037. 
The criteria used for describing the contract as significant is that the total estimated value of the contracts exceeds 10% of the equity of KGHM Polska Miedź S.A. 

Legal basis: § 5 sec. 1 point 3 of the Decree of the Minister of Finance dated 19 February 2009 regarding current and periodic information published by issuers of securities and conditions for recognising as equivalent information required by the laws of a non-member state (Journal of Laws from 2009 No. 33, item 259 with subsequent amendments)