Significant packets of shares – change in share ownership by Deutsche Bank Trust Company Americas

Thursday, 12 May, 2005

The Management Board of KGHM Polska Miedź S.A. announces - based on information dated 11 May 2005 and received pursuant to art. 147 of the Law on the public trading of securities - that Deutsche Bank Trust Company Americas (depositary bank in the depositary receipt program) has increased its share in the total number of votes at the General Shareholders Meeting of KGHM Polska Miedź S.A. to more than 5%, and holds 10 013 016 shares of KGHM Polska Miedź S.A., representing 5.01 % of the share capital of the Company. This amount of shares in addition grants the right to 10 013 016 votes, i.e. 5.01 % of the total number of votes at the General Shareholders Meeting of KGHM Polska Miedź S.A.

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.