Announcement.

KGHM POLSKA MIEDŹ SA (1/2019) Main assumptions of the Budget for 2019

Legal basis: Article 17 para. 1 MAR - confidential information.
The Management Board of KGHM Polska Miedź S.A. ("Company") informs that on January 10, 2019, the Supervisory Board of the Company approved the Budget of KGHM Polska Miedź S.A. and the Capital Group's budget for 2019. The Management Board of the Company provides the basic budget assumptions attached.
Legal basis: Article 17 para. 1 MAR Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (regulation on market abuse) and repealing Directive 2003/6 / EC of the European Parliament and of the Council and Commission directive 2003 / 124 / EC, 2003/125 / EC and 2004/72 / EC (Official Journal of the European Union of 12 June 2014, No L 173/1)

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  • File attachment: 1

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    Attachment to current report No. 1/2019

    The main assumptions of the B budget for 2019.

    Production of KGHM Polska Miedź SA
    Copper in concentrate (thousand tonnes) 397
    Silver in concentrate (tons) 1 23U
    Electrolytic copper (thousand tonnes) 559
    - including 40S own fillings
    Metallic silver (tons) 1 34N

    Sales of KGHM Polska Miedź SA
    Copper payable (thousand tonnes) 60N
    - including copper in concentrate 41
    Silver paid (tonnes) 1 454
    - including silver in concentrate 97

    Production of KGHM International
    Toll copper (thousand tonnes) 75
    TPM (thousand trozF 88

    Production of Sierra Gorda (for 55% of shares)
    Toll copper (thousand tonnes) 57
    Molybdenum (million pounds) 11

    Expected unit total cost of copper production from own concentrates (1) in KGHM
    Polska Miedź SA is 20 thousand. PLN / t.
    The material investment expenditures of KGHM Polska Miedź SA for 2019 amount to
    PLN 2,516 million, while the remaining investment expenditure (PLN 2) is PLN 1,462 million (including purchase
    investment certificates related to the FIZAN restructuring in the amount of PLN 388 million, which
    it will be compensated by receipts due to this). The value of other expenditures
    investment without taking into account the FIZAN restructuring is PLN 1,074 million.
    (1) the sum of the costs of extraction, flotation and metallurgical processing per cathode together
    with costs of support functions and cathode sales costs, adjusted by the value of inventories
    semi-finished products and production in progress, less the valuation of anode slimes
    and divided by the volume of electrolytic copper production from own charges
    (2) acquisition of shares and investment certificates of subsidiaries along with loans
    for these units.

    Legal basis: Article 17 para. 1 MAR (Regulation of the European Parliament and of the Council (EU) no
    596/2014 of 16 April 2014 on market abuse (Regulation on
    market abuse) and repealing Directive 2003/6 / EC of the European Parliament and of the Council and
    Commission Directives 2003/124 / EC, 2003/125 / EC and 2004/72 / EC (Official Journal of the European Union
    European Union of June 12, 2014, no. L 173/1)



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  • File attachment: 2

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    App endix is a rule of filing lators. 1/ 2019
    Main assumptions of the B udget for 2019

    Production of KGHM Polska Miedź SA
    Copper in concentrate (kt) 397
    Silver in concentrate (t) 1 238
    Electrolytic copper (kt) 559
    - including from own concentrate 406
    Metallic silver (t) 1 341


    Sales of KGHM Polska Miedź SA
    Payable copper (kt) 601
    - including copper in concentrate 41
    Payable silver (t) 1 454
    - including silver in concentrate 97

    Production of KGHM International
    Payable copper (kt) 75
    TPM (goat t) 88

    Production of Sierra Gorda (on a 55% basis)
    Payable copper (kt) 57
    Molybdenum (mn lbs) 11


    The expected total unit of copper concentrate (1) in KGHM Polska Miedź
    SA amounts to 20 thousand PLN / t.
    KGHM Polska Miedź SA's capital expenditures on property, plant and equipment
    2019 amount to PLN 2,516 million, while other capital expenditures (2) amount to
    PLN 1,462 million (including the acquisition of investment certificates
    of FIZAN in the amount of PLN 388 million, which will be offset by the proceeds from it). Other
    capital expenditures, excluding the restructurisation of FIZAN, amount to PLN 1 074 million.
    (1) The sum of costs of mining, floatation, smelter processing per cathode and support functions,
    together with cathode selling costs, adjusted by the value of inventories of half-finished products
    and work in progress, less anode slimes and divided by volume of electrolytic copper production
    from own concentrate
    (2) Acquisition of shares and investment certifi cates of subsidies and loans granted to these
    subsidiaries
    Legal basis: Art. 17 (1) of MAR (Regulation (EU) No 596/2014 of the European Parliament and of
    the Council of 16 April 2014 on market abuse and repealing Directive
    2003/6 / EC of the European Parliament and the Council and Commission Directives
    2003/124 / EC, 2003/125 / EC and 2004/72 / EC (Official Journal of the European Union dated 12 June
    2014, no. L 173/1)


    Content was translated automatically.

Source: company website, investor relations, current and periodic reports.

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Company information
Company name:KGHM Polska Miedź SA
ISIN:PLKGHM000017
NIP:692-000-00-13
Adress: ul. Marii Skłodowskiej-Curie 48 59-301 Lubin
Phone:+48 76 7478200
website:www.kghm.pl

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