KGHM Polska Miedź S.A.

Legal Proceedings Report • Mar 4, 2025

Information on the results of the conducted tests for impairment

The Management Board of KGHM Polska Miedź S.A. ("the Company"), inreference to regulatory filing no. 7/2025 dated 5 February 2025,announces that as a result of the identification of indications of apossible change in the recoverable amount of key Polish andinternational assets, the Company conducted impairment testing of:

- Pol-Miedź Trans Sp. z o.o.,

- PeBeKa S.A.,

- Zagłębie Lubin S.A.,

- INVEST PV 59 sp. z o.o.,

- INVEST PV 7 sp. z o.o.,

- INVEST PV 58 sp. z o.o.,

- INVEST PV 40 sp. z o.o.,

- Future 1 Sp. z o.o.,

- the Victoria Project.

With respect to the separate financial statements of KGHM Polska MiedźS.A. for the financial year ended on 31 December 2024, the performedimpairment tests indicated justification for:

- the recognition of an impairment loss on shares of the followingsubsidiaries:

o INVEST PV 7 sp. z o.o. in the amount of PLN 7.8 million,

o INVEST PV 40 sp. z o.o. in the amount of PLN 16.4 million,

o INVEST PV 58 sp. z o.o. in the amount of PLN 6.7 million,

o INVEST PV 59 sp. z o.o. in the amount of PLN 8.1 million,

o Pol-Miedź Trans Sp. z o.o. in the amount of PLN 90.0 million,

o Zagłębie Lubin S.A. in the amount of PLN 25.2 million.

- the reversal of a part of the impairment losses on shares recognisedin prior years in the holding company Future 1 Sp. z o.o., whichdirectly holds 100% of the shares in KGHM International Ltd. in theamount of PLN 1 323 million,

- no impairment losses were recognised on shares of the company PeBeKaS.A., since the recoverable amounts of these assets were higher thantheir carrying amounts.

With respect to the consolidated financial statements of KGHM PolskaMiedź S.A. for the financial year ended on 31 December 2024, theperformed impairment tests indicated justification for:

- the recognition of an impairment loss on shares of the followingsubsidiaries:

o INVEST PV 7 sp. z o.o. in the amount of PLN 11.9 million,

o INVEST PV 40 sp. z o.o. in the amount of PLN 17.3 million,

o INVEST PV 58 sp. z o.o. in the amount of PLN 22.5 million,

o INVEST PV 59 sp. z o.o. in the amount of PLN 26.2 million,

o Pol-Miedź Trans Sp. z o.o. in the amount of PLN 180.0 million.

- no impairment losses were recognised on assets of:

o subsidiaries Zagłębie Lubin S.A. and PeBeKa S.A., since therecoverable amounts of their assets were higher than their carryingamounts,

o the Victoria Project since there were no differences between thecarrying amount and the recoverable amount.

The amounts presented above are estimates and may change. The finalresults of the testing will be presented in the separate andconsolidated financial statements for the financial year ended on 31December 2024, the publication of which is planned for 26 March 2025.

Legal basis: Art. 17 (1) of MAR (Regulation (EU) No 596/2014 of theEuropean Parliament and of the Council of 16 April 2014 on market abuse(market abuse regulation) and repealing Directive 2003/6/EC of theEuropean Parliament and of the Council and Commission Directives2003/124/EC, 2003/125/EC and 2004/72/EC.