Significant packets of shares

Tuesday, 22 November, 2005

The Management Board of KGHM Polska Miedź S.A. announces that it received an announcement dated 21 November 2005, in which JPMorgan Chase & Co. with registered head office at 125 London Wall, London, EC2Y 5AJ, United Kingdom, on behalf of itself and its subsidiaries, notifies that, as a result of the sale of shares of KGHM Polska Miedź S.A., JPMorgan Chase & Co. holds directly or indirectly interest in the Company, granting the total right to less than 5% of the total number of votes, i.e. 4.76% as detailed below:

Ordinary shares

 Shares Votes Shares % of totalVotes % of total 
J.P. Morgan Securities Ltd.  875 379  875 379 0.44% 0.44%
J.P. Morgan Investment Management Limited  43 761  43 761 0.02% 0.02%
J.P. Morgan Investment Management Inc  229 220 229 220 0.11% 0.11%
J P Morgan Chase Bank  248 200 248 200  0.12% 0.12% 
J P Morgan Asset  Management () Limited  26 600 26 600 0.01% 0.01%
Total interest ordinary shares  1 423 160 1 423 160 0.71%  0.71%

 Shares Votes Shares % of totalVotes % of total 
J.P. Morgan Fleming Asset  Management () Limited 684 828 1 369 656 0.68% 0.68%
JP Morgan Asset Management () Limited 3 366 434 6 732 868 3.37% 3.37%
Total interest GDRs  4 051 262 8 102 524 4.05% 4.05%
Total interest in KGHM (in ordinary shares)  9 525 684 9 525 684 4.76% 4.76%

Previously, according to the announcement dated 4 October 2005, JPMorgan Chase & Co. held directly or indirectly interest in the Company, granting the total right to 5.02% of the total number of votes (10 051 640).

The Management Board of KGHM Polska Miedź S.A. announces that the depositary bank in the GDR program is Deutsche Bank Trust Company Americas. The total number of shares issued by KGHM Polska Miedź S.A. amounts to 200 000 000. All of these shares are ordinary bearer shares. The maximum amount of votes arising from all issued shares is 200 000 000.

GDRs