Management Board consent to sign a loan agreement with the EuropeanInvestment Bank

The Management Board of KGHM Polska Miedź S.A., in reference toregulatory filing no. 30/2017, announces that on 1 December 2017 itconsented to sign an unsecured loan agreement in the amount of PLN 900million with the European Investment Bank ("the Agreement").

The funds acquired through this loan will be used to finance theinvestment projects being advanced by the Company, which are aimed atmodernising the production line as well as at adapting current processesto variable mining conditions, increasing effectiveness, maintainingproduction continuity and implementing solutions concerningenvironmental issues.

The Agreement will be entered into for a period of 12 years. The loanwill be available for a period of 22 months from the date of signing.The loan will be utilised to a maximum of 4 instalments, each of whichin the minimum amount of PLN 225 million. The Company has the option ofdrawing each of these loan instalments in PLN, USD or EUR, with either afixed or variable interest rate.

The remaining terms of the Agreement are standards terms for this typeof transaction.

Moreover, the Management Board of KGHM Polska Miedź S.A. announces thatthe Agreement is planned to be signed on 11 December 2017. If theAgreement is not signed on 11 December 2017, the Company will announcethis fact in a separate regulatory filing.

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)