Submission of an application to initiate liquidation proceedings for an indirect subsidiary

Friday, 13 October, 2006

The Management Board of KGHM Polska Miedź S.A. announces that on 12 October 2006 an application was submitted to the Regional Court for Wrocław-Fabryczna in Wrocław, Section IX (Economic) of the National Court of Registration to initiate liquidation proceedings for the company Energetyka Spółka Specjalnego Przeznaczenia sp. z o.o. (an indirect subsidiary of KGHM Polska Miedź S.A.). Wojciech Swakoń is the liquidator of the company.

This company was entered in the commercial register on 28 April 2005. Its registered share capital amounts to PLN 50 thousand and is divided into 500 shares.

The company „Energetyka” sp. z o.o. owns 499 shares, while 1 share is held by a private individual. From the moment of its registration the company has not engaged in commercial activity - the company had been established to carry out tasks related to realisation of an investment project. All tasks relating to the increase of electricity generation capacity will be carried out and supervised directly by the company „Energetyka” sp. z o.o.

Legal basis: § 5 sec. 1 point 24 of the Decree of the Minister of Finance dated 19 October 2005 regarding current and periodic information published by issuers of securities (Journal of Laws from 2005 Nr 209, item 1744)