KGHM Polska Miedź S.A.

AGM Information • May 22, 2018

The Management Board's recommendation regarding the appropriation ofprofit for 2017

On 22 May 2018, the Management Board of KGHM Polska Miedź S.A. adopted aresolution in which it recommends that the Ordinary General Meeting ofKGHM Polska Miedź S.A. adopts a resolution on appropriation of profitfor financial year 2017, in the amount of PLN 1 323 766 788.38, bytransferring the entirety of it to the Company's reserve capital.

In developing its recommendation, the Management Board of KGHM PolskaMiedź S.A. took into consideration mainly the current and forecastedfinancial condition of the KGHM Polska Miedź S.A. Group, with specialconsideration paid to the planned cash expenditures in Poland and thehigh debt level of the KGHM Polska Miedź S.A. Group.

The above recommendation of the Management Board was positively reviewedby the Supervisory Board of KGHM Polska Miedź S.A.

The final decision regarding the appropriation of KGHM Polska MiedźS.A.'s profit for financial year 2017 will be made by the OrdinaryGeneral Meeting of KGHM 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)