The Management Board of KGHM Polska Miedź S.A. announces that on 18 January 2007 a contract was signed between KGHM Polska Miedź S.A. and MKM Mansfelder Kupfer und Messing GmbH for the sale of copper cathodes in 2007.
The estimated value of this contract is USD 317 395.2 thousand, i.e. PLN 955 772.0 thousand. This amount was estimated based on the forecast copper price (using a forward curve) and on the National Bank of Poland exchange rates from 17 January 2007.
The total estimated value of contracts entered into between KGHM Polska Miedź S.A. and MKM Mansfelder Kupfer und Messing GmbH over the last 12 months is PLN 967 867.2 thousand. The highest-value contract signed during this period is the above-mentioned contract.
The criteria used for describing the contract as significant is that the estimated value of the contract 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 October 2005 regarding current and periodic information published by issuers of securities (Journal of Laws from 2005 Nr 209, item 1744)