KGHM Polska Miedź S.A.

Notice of Dividend Amount • May 11, 2023

Management Board proposal regarding the appropriation of profit for 2022

The Management Board of KGHM Polska Miedź S.A. ("the Company") announcesthat on 11 May 2023 it adopted a resolution in respect of which it willsubmit a proposal to the Ordinary General Meeting of KGHM Polska MiedźS.A. to adopt a resolution on the appropriation of profit for 2022, inthe amount of PLN 3 533 251 587.17, by:

- paying out a dividend in the amount of PLN 200 000 000.00 (PLN 1.00per share),

- transferring the amount of PLN 3 333 251 587.17 to the Company'sreserve capital.

Moreover, the Management Board of KGHM Polska Miedź S.A. proposes thatthe Ordinary General Meeting of KGHM Polska Miedź S.A. set the dividenddate at 27 July 2023 and the dividend payment date at 10 August 2023.

The amount of recommended dividend is a result of the assessment ofcapital needs associated with the realisation of the Strategy, includingplanned expenditures on Resource Base Development projects and energytransformation while simultaneously maintaining the safe level of debtof the KGHM Polska Miedź S.A. Group.

The above proposal of the Management Board was positively reviewed bythe Supervisory Board of KGHM Polska Miedź S.A.

The final decision regarding the appropriation of KGHM Polska MiedźS.A.'s profit for 2022 will be made by the Ordinary General Meeting ofKGHM Polska Miedź S.A.

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 (Official Journal of theEuropean Union dated 12 June 2014, no. L 173/1).