KGHM Polska Miedź S.A.

Notice of Dividend Amount • Apr 17, 2019

The Management Board's recommendationregarding the appropriation of profit for the year ended 31 December2018

On 17 April 2019, the Management Board ofKGHM Polska Miedź S.A. adopted a resolution in which it recommends thatthe Ordinary General Meeting of KGHM Polska Miedź S.A. adopts aresolution on appropriation of profit for the year ended 31 December2018, in the amount of PLN 2 025 005 484.23 by transferring the entiretyof it to the Company's reserve capital.

The recommendation of the Management Boardof KGHM Polska Miedź S.A. results from an assessment of the currentfinancial possibilities of the Company, and takes into consideration theprogram of investments being implemented as set forth in the updatedStrategy of KGHM Polska Miedź S.A. for the years 2019-2023. The proposalof the Management Board of KGHM Polska Miedź S.A. is compliant with theexisting Dividend Policy of KGHM Polska Miedź S.A., which provides for abalance to be maintained between the level of dividends paid out andopportunities to effectively invest the Company's funds given thecurrent level of debt of the KGHM Polska Miedź S.A. Group.

The above recommendation of the ManagementBoard was positively reviewed by the Supervisory Board of KGHM PolskaMiedź S.A.

The final decision regarding theappropriation of KGHM Polska Miedź S.A.'s profit for the year ended 31December 2018 will be made by the Ordinary General Meeting of KGHMPolska Miedź S.A.

Legal basis: Art. 17 (1) of MAR (Regulation(EU) No 596/2014 of the European Parliament and of the Council of 16April 2014 on market abuse (market abuse regulation) and repealingDirective 2003/6/EC of the European Parliament and of the Council andCommission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (OfficialJournal of the European Union dated 12 June 2014, no. L 173/1)