KGHM Polska Miedź S.A.

Notice of Dividend Amount • May 23, 2022

Management Board proposal regarding the appropriation of profit for 2021

The Management Board of KGHM Polska Miedź S.A. ("the Company") announcesthat on 23 May 2022 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 2021, inthe amount of PLN 5 169 153 267.61, by:

- paying out a dividend in the amount of PLN 600 000 000.00 (PLN 3.00per share),

- transferring the amount of PLN 4 569 153 267.61 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 7 July 2022 and the dividend payment date at 14 July 2022.

The recommendation of the Management Board of KGHM Polska Miedź S.A.results from an assessment of the current financial capacities of theCompany, and takes into consideration the advancement of the program ofinvestments as well as the current and anticipated conditions on thecommodity market. It is compliant with the existing Dividend Policy ofKGHM Polska Miedź S.A., which provides for a balance to be maintainedbetween the level of dividends paid out and opportunities to effectivelyinvest the Company's funds given the current level of debt of the KGHMPolska Miedź S.A. Group.

The above proposal of the Management Board was positively reviewed bythe Supervisory Board of the Company.

The final decision regarding the appropriation of KGHM Polska MiedźS.A.'s profit for 2021 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).