Significant contract with Tele-Fonika Kable S.A.

Wednesday, 30 January, 2008
Report no. 6/2008

The Management Board of KGHM Polska Miedź S.A. announces that on 30 January 2008 a contract was signed between KGHM Polska Miedź S.A. and Tele-Fonika Kable S.A. for the sale of 8 mm continuous-cast copper wire rod under the PN-EN 1977:2000 standard, and oxygen-free copper rod under the PN-EN 1977:2000 standard in 2008.

The estimated value of this contract is from appx. USD 658 461.4 thousand (PLN 1 613 296.3 thousand) to appx. USD 844 362.0 thousand (PLN 2 068 771.2 thousand). The value of this contract was estimated based on the degree of options used, on the forecast copper price (using a forward curve from 29 January 2008) and on the National Bank of Poland exchange rate from 30 January 2008. 

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)