Significant contract with HSBC Bank USA N.A., London Branch

Thursday, 30 December, 2010
Report no. 37/2010

The Management Board of KGHM Polska Miedź S.A. announces that on 29 December 2010 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 1 326 438 466.75. 
The highest-value contract entered into during this period is the contract for silver sales in 2010 entered into on 20 January 2010. The estimated value of this contract is PLN 1 195 214 945.66. 
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)