Significant packets of shares

Wednesday, 05 October, 2005

The Management Board of KGHM Polska Miedź S.A. announces that on 4 October 2005 it received an announcement, 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 pursuant to art. 147.1.1 of the Law on the Public Trading of Securities that, as a result of the purchase of shares of KGHM Polska Miedź S.A., JPMorgan Chase & Co holds directly or indirectly interest in the Company, granting the total right to 5.02% of the total number of votes, as detailed below:

Ordinary shares

 SharesVotesShares % of totalVotes % of total
J.P. Morgan Securities Ltd. 945 716 945 716 0.47% 0.47%
Total interest ordinary shares 945 716 945 716 0.47% 0.47%

GDRs

 SharesVotesShares % of totalVotes % of total
J.P. Morgan Fleming Asset Management (Japan) Limited 664 313 1 328 626 0.66% 0.66%
JP Morgan Asset Management (UK) Limited 3 888 649 7 777 298 3.89% 3.89%
Total interest GDRs 4 552 962 9 105 924 4.55% 4.55%

Total interest  in KGHM (in ordinary shares) 10 051 640 10 051 640 5.02% 5.02%

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.