The Management Board of KGHM Polska Miedź S.A. announces that on 18 January 2011 a contract was signed between KGHM Polska Miedź S.A. and Tele-Fonika Kable Sp. z o.o. S.K.A. for the sale in 2011 of copper wire rod and oxygen-free copper rod.
The estimated value of this contract is from USD 622 900 528.00 i.e. PLN 1 796 943 443.17 to USD 753 428 411.20 i.e. PLN 2 173 490 280.63.
The value of this contract was estimated based on the forecast copper price (using a forward curve) from 18 January 2011 and the USD/PLN exchange rate per NBP from 18 January 2011.
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 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)
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