Significant packets of shares - change in the amount of shares held by Deutsche Bank Trust Company Americas

Tuesday, 20 June, 2006

The Management Board of KGHM Polska Miedź S.A. announces that on 19 June 2006 it received information from Deutsche Bank Trust Company Americas (depositary bank in the depositary receipt program) announcing that as a result of the movements of shares of KGHM Polska Miedź S.A., Deutsche Bank Trust Company Americas has reduced its commitment in the Company to below 5% of the share capital of the Company, and currently owns 9 719 504  of the shares of KGHM Polska Miedź S.A., representing 4.86 % of the share capital of the Company. Simultaneously the above number of shares grants the right to 9 719 504 votes, i.e.  4.86 % of the total number of votes.

Previously, in accordance with an announcement dated 11 May 2005, Deutsche Bank Trust Company Americas owned 10 013 016 of the shares of KGHM Polska Miedź S.A., representing 5.01% of the share capital of the Company. Simultaneously the above number of shares granted the right to 10 013 016 votes, i.e.  5.01 % of the total number of votes.

The total number of shares issued by KGHM Polska Miedź S.A. amounts to 200 000 000. All of the shares are ordinary bearer shares. The maximum number of votes arising from all issued shares is 200 000 000.

Legal basis: art. 70 point  1 of the Act dated 29 July 2005 on public offerings and conditions governing the introduction of financial instruments to organised trading, and on public companies (Journal of Laws from 2005 Nr 184, item 1539)