Announcement by the Management Board of KGHM Polska Miedź Spółka Akcyjnawith its registered head office in Lubin on the convening of anExtraordinary General Meeting

1. Date, time and place of the Extraordinary General Meeting

The Management Board of KGHM Polska Miedź Spółka Akcyjna, with itsregistered head office in Lubin, at ul. Marii Skłodowskiej-Curie 48,59-301 Lubin, entered into the register of entrepreneurs kept by theRegional Court for Wrocław-Fabryczna in Wrocław, Section IX (Economic)of the National Court Register, entry number KRS 0000023302, taxidentification number (NIP) 692-000-00-13, with fully paid-up sharecapital of PLN 2 000 000 000 ("KGHM Polska Miedź S.A." or "Company"),acting in accordance with art. 399 § 1 in connection with art. 400 § 1and art. 4021 of the Commercial Partnerships and Companies Code, herebyconvenes an Extraordinary General Meeting of KGHM Polska Miedź S.A.,which will take place on 6 July 2021, beginning at 11:00 a.m. at thehead office of the Company in Lubin, at the address ul. MariiSkłodowskiej-Curie 48 (in Jan Wyżykowski Hall).

2. Agenda:

1. Opening of the Extraordinary General Meeting.

2. Election of the Chairman of the Extraordinary General Meeting.

3. Confirmation of the legality of convening the Extraordinary GeneralMeeting and its capacity to adopt resolutions.

4. Acceptance of the agenda.

5. Adoption of resolutions on changes to the composition of theSupervisory Board of KGHM Polska Miedź S.A.

6. Closing of the General Meeting.

3. Date of registration of participation in the Extraordinary GeneralMeeting

The date of registration of participation in the Extraordinary GeneralMeeting of the Company is 20 June 2021 ("Date of Registration").

4. A shareholder's right to participate in the Extraordinary GeneralMeeting

Only persons that were shareholders of KGHM Polska Miedź S.A. as at theDate of Registration have the right to participate in the ExtraordinaryGeneral Meeting of the Company, i.e. those persons who:

a) have registered shares of the Company on a securities account sixteendays prior to the date of the Extraordinary General Meeting of theCompany (i.e. on 20 June 2021); and

b) no earlier than after the announcement on convening the ExtraordinaryGeneral Meeting and no later than by 21 June 2021 (inclusive) requestthe entity which maintains their securities account to issue aregistered certificate confirming the right to participate in theExtraordinary General Meeting of the Company.

It is recommended that shareholders obtain the above-mentionedcertificate confirming the right to participate and have it withthemselves on the day of the Extraordinary General Meeting of theCompany.

5. List of shareholders

The Company shall determine the list of shareholders entitled toparticipate in the Extraordinary General Meeting of the Company based onthe specification provided to the Company by the National Depository forSecurities (KDPW).

The above-mentioned specification is prepared based on the informationprovided by entities maintaining shareholders securities accounts, onthe basis of issued registered certificates confirming the right toparticipate in the Extraordinary General Meeting of the Company.

For three work days prior to the date of the Extraordinary GeneralMeeting, i.e. on 1, 2 and 5 July 2021, from 7.30 a.m. until 3.30 p.m.,the list of shareholders entitled to participate in the ExtraordinaryGeneral Meeting of the Company will be displayed for view at theCompany's head office (ul. Marii Skłodowskiej-Curie 48, 59-301 Lubin,building D-4, room number 207).

A shareholder may request that the list of shareholders entitled toparticipate in the Extraordinary General Meeting of the Company be sentto them free of charge by e-mail by providing the e-mail to which thelist should be sent. A request for the list of shareholders should besubmitted to the head office of the Company or sent to the e-mail:wza@kghm.com. The request should be prepared in written form and signedby the shareholder or his/her representatives and, in the case of:

a) shareholders being individuals - should attach a copy of theregistered certificate confirming the right to participate in theExtraordinary General Meeting of the Company,

b) shareholders being legal entities and organisational units withoutlegal personality, which were granted legal capacity under the law -should confirm the authorisation to act on behalf of the entity byattaching a copy of a current extract from an appropriate register orother document confirming the authority of an individual (orindividuals) to represent the shareholder in the Extraordinary GeneralMeeting of the Company (e.g. a continuous proxy authority), and if aproxy authority was granted by persons that are no currently registeredin the register by attaching a copy of a full extract from the registeror other document authorising the granting of proxy authority by theaforementioned persons, e.g. a resolution of a shareholder's body. If ashareholder is not required to be entered into the register, his/herrepresentatives should present other documentation confirming theexistence of a principal.

c) requests made through a proxy - should attach the proxy authority tomake such a request signed by the shareholder (or continuous proxyauthority), and in the case of a proxy other than an individual - a copyof an extract from an appropriate register, confirming the authority ofthe person signing to act on behalf of the proxy.

6. A shareholder's right to request the inclusion of certain issues inthe agenda of the Extraordinary General Meeting

A shareholder or shareholders representing at least 1/20 of the sharecapital have the right to request the inclusion of certain issues in theagenda of the Extraordinary General Meeting of the Company. This requestshould be submitted to the Management Board of the Company no later than21 days prior to the date of the Extraordinary General Meeting, i.e. by15 June 2021. The request should include a justification or a proposedresolution on the proposed point of the agenda. The request may besubmitted in writing, addressed as "the Extraordinary General Meeting ofKGHM Polska Miedź S.A." at the head office of the Company at ul. MariiSkłodowskiej-Curie 48, 59-301 Lubin, or in electronic form sent to thefollowing e-mail of the Company: wza@kghm.com. TheShareholder/Shareholders should provide proof of ownership of theappropriate number of shares as at the date the request is submitted,attaching to the request a registered certificate confirming the rightto participate in the Extraordinary General Meeting of the Company orother document which is equivalent to the certificate, and in the caseof:

a) shareholders being individuals - should attach a copy of theregistered certificate confirming the right to participate in theGeneral Meeting of the Company,

b) shareholders being legal entities and organisational units withoutlegal personality, which were granted legal capacity under the law -should attach the authorisation to act on behalf of the entity byattaching a copy of a current extract from an appropriate register orother document confirming the authority of an individual (orindividuals) to represent the shareholder in the Extraordinary GeneralMeeting (e.g. a continuous proxy authority). If a shareholder is notrequired to be entered into the register, his/her representatives shouldattach other documentation confirming the existence of a principal.

c) requests made through a proxy - should attach the proxy authority tomake such a request signed by the shareholder (or continuous proxyauthority), and in the case of a proxy other than an individual - a copyof an extract from an appropriate register, confirming the authority ofthe person signing to act on behalf of the proxy.

7. A shareholder's right to submit proposed resolutions

A shareholder or shareholders of the Company representing at least 1/20of the share capital have the right to submit in writing, addressed as"the General Meeting of KGHM Polska Miedź S.A." at the head office ofthe Company at ul. Marii Skłodowskiej-Curie 48, 59-301 Lubin, or inelectronic form sent to the following e-mail: wza@kghm.com, prior to thedate of the Extraordinary General Meeting, proposed resolutionsregarding issues included in the agenda of the Extraordinary GeneralMeeting, or issues which are to be included in the agenda.

The Shareholder/Shareholders should provide proof of ownership of theappropriate number of shares as at the date the request is submitted,attaching to the request a registered certificate confirming the rightto participate in the Extraordinary General Meeting of the Company orother document, which is equivalent to the certificate and in the caseof:

a) shareholders being individuals - should attach a copy of theregistered certificate confirming the right to participate in theGeneral Meeting of the Company,

b) shareholders being legal entities and organisational units withoutlegal personality, which were granted legal capacity under the law -should attach the authorisation to act on behalf of the entity byattaching a copy of a current extract from an appropriate register orother document confirming the authority of an individual (orindividuals) to represent the shareholder in the General Meeting (e.g. acontinuous proxy authority). If a shareholder is not required to beentered into the register, his/her representatives should attach otherdocumentation confirming the existence of a principal.

c) requests made through a proxy - should attach the proxy authority tomake such a request signed by the shareholder (or continuous proxyauthority), and in the case of a proxy other than an individual - a copyof an extract from an appropriate register, confirming the authority ofthe person signing to act on behalf of the proxy.

In addition, each of shareholders entitled to participate in theExtraordinary General Meeting of the Company may, during the saidGeneral Meeting, submit proposed resolutions respecting issues includedin the agenda of the General Meeting.

8. Electronic communication by shareholders with KGHM Polska Miedź S.A.

Within the scope provided for by the Commercial Partnerships andCompanies Code, shareholders may contact the Company using electronicmeans of communication.

Shareholders may communicate with KGHM Polska Miedź S.A. in electronicform through the e-mail: wza@kghm.com.

The shareholder bears the risk associated with the use of electronicmeans of communication.

Together with documents provided by a shareholder in electronic form,which were originally prepared in a language other than Polish, theshareholder should provide a Polish translation of these documents.

All documents sent in electronic form by a shareholder to KGHM PolskaMiedź S.A., as well as by KGHM Polska Miedź S.A. to a shareholder,should be scanned in the PDF or JPEG format.

9. Means of exercising voting rights by a proxy

A shareholder may participate in the Extraordinary General Meeting ofthe Company and exercise his/her right to vote either in person orthrough a proxy/proxies.

The authority to vote through a proxy should be granted in written formor in electronic form. The granting of proxy authority in electronicform does not require to provide of a secure electronic signature.

Forms for voting through a proxy are placed on the Company's website,www.kghm.com, in the section Investors/Corporate Governance/GeneralMeeting. The Company does not require use of the above-mentioned formsfor granting proxy authority.

The Management Board of the Company also announces that, in a casewherein proxy authority is granted by a shareholder together with votinginstructions, the Company will not verify as to whether the given proxyhas voted according to the voting instructions received fromshareholders. Consequently, the Management Board of the Company herebyannounces that voting instructions should be given solely to the saidproxy.

A shareholder is required to send to the Company information on thegranting of proxy authority in electronic form to the e-mail address:wza@kghm.com by 3:00 p.m. on 5 July 2021. A scan of the proxy documentgranted on the form provided by the Company (or prepared by theshareholder, containing at least the same data and information) must beattached to the information on the granting of proxy authority inelectronic form, and in the case of:

a) shareholders being individuals - should attach a copy of theregistered certificate confirming the right to participate in theExtraordinary General Meeting of the Company,

b) shareholders being legal entities and organisational units withoutlegal personality, which were granted legal capacity under the law -should confirm the authorisation to act on behalf of the entity byattaching a copy of a current extract from an appropriate register orother document confirming the authority of an individual (orindividuals) to represent the shareholder in the Extraordinary GeneralMeeting of the Company (e.g. a continuous proxy authority), and if aproxy authority was granted by persons that are not registered in thecurrent register, a copy of a full extract from the register or otherdocument authorising to grant the proxy authority by the aforementionedpersons, e.g. a resolution of a shareholder's body should be attached.If a shareholder is not required to be entered into the register,his/her representatives should present other documentation confirmingthe existence of a principal.

In the case of proxy authority being granted to a further proxy,continuous proxy authority must be submitted along with documentationindicating the authority to act on behalf of previous proxies.

The principles described above do not release the proxy from therequirement to present documents used to identify the said proxy duringthe preparation of the attendance roster of persons entitled toparticipate in the General Meeting of the Company.

10. Verification of the validity of proxy authority and shareholder andproxy identification

KGHM Polska Miedź S.A. will take appropriate steps to determine theidentity of a shareholder and a proxy in order to verify the validity ofproxy authority granted in electronic form. Verification may include inparticular questions addressed to the shareholder and/or proxy inelectronic form or by telephone in order to confirm the granting ofproxy authority and its scope. The Company hereby provides due notice,however, that in such a case the failure to answer questions asked inthe course of verification shall be treated as a failure to verify thevalidity of proxy authority, and shall represent the basis to refuseadmittance of the proxy to participate in the Extraordinary GeneralMeeting of the Company.

The above-mentioned principles regarding the means of granting proxyauthority also have application with reference to revoking proxyauthority granted in electronic form.

11. Admission to participation in the Extraordinary General Meeting

Shareholders will be admitted to participation in the ExtraordinaryGeneral Meeting of the Company upon presentation of proof of identity,and proxies:

a) in the case of proxy authority granted in written form - uponpresentation of proof of identity and valid proxy authority granted inwritten form,

b) in the case of proxy authority granted in electronic form - uponpresentation of proof of identity.

Representatives of legal entities and organisational units without legalpersonality should also present current extracts from appropriateregisters, listing persons authorised to represent the said entities aswell as other documents confirming the authority of the said individual(individuals) to represent the shareholder at the Extraordinary GeneralMeeting of the Company (e.g. continuous proxy authority).

Proxy authorities and other required documents confirming the right ofthe shareholder or his/her representative to participate in theExtraordinary General Meeting of the Company will be attached by theCompany to the book of minutes.

12. Possibility and means of participating in the Extraordinary GeneralMeeting through the use of electronic means of communication

The Company does not provide for the possibility of participation in orthe expression of one's opinion during the Extraordinary General Meetingthrough the use of electronic means of communication.

13. The exercise of voting rights through correspondence or through theuse of electronic means of communication

KGHM Polska Miedź S.A. does not provide for the possibility ofexercising voting rights through correspondence or through the use ofelectronic means of communication.

14. A shareholder's right to ask questions regarding issues included inthe agenda of the general meeting

During the General Meeting, all shareholders have a right to askquestions regarding issues included in the agenda of the General Meeting.

The Management Board answers a shareholder's question, but it can refuseto provide the requested information if it could cause damage to theCompany, a company associated with it or a subsidiary, in particular byrevealing technical, trade or organisational secrets of the company. TheManagement Board may provide information outside a General Meeting, ifthere are important reasons to do so. The Management Board is obliged toprovide information no later than within two weeks of the requestsubmitted during the General Meeting.

15. Access to documentation

Persons entitled to participate in the Extraordinary General Meeting mayobtain the full text of documentation which is to be presented to theExtraordinary General Meeting of the Company, as well as of proposedresolutions, on the Company's website, www.kghm.com in the sectionInvestors/Corporate Governance/General Meeting, or in printed form atthe request of an entitled person, at the head office of the Company atthe address: ul. Marii Skłodowskiej-Curie 48, 59-301 Lubin, during theperiod from the date of the announcement to 6 July 2021, from 8:00 a.m.to 3:00 p.m.

The Company will provide all information regarding the ExtraordinaryGeneral Meeting of the Company on the Company's website, www.kghm.com inthe section Investors/Investor Handbook/ Investor Calendar.

16. Administrative information

The registration of shareholders will take place two hours before thebeginning of the Extraordinary General Meeting, i.e. on 6 July 2021 from09:00 a.m.

Please remember to have proof of identity on the day of theExtraordinary General Meeting of the Company to be allowed toparticipate in the meeting.

We kindly request entities which represent greater numbers ofshareholders to grant, where possible, proxy authority in electronicform, and to forward the scanned documents to the address: wza@kghm.com.

It is recommended that scanned documents representing the basis for theregistration of participants at the Extraordinary General Meeting, or atleast lists of shareholders represented by the shareholder proxy, besent, in alphabetical order, to the address: wza@kghm.com.

Neither the transmission of scanned proxy documents nor the sending ofinformation to the Company, as provided for in point 9 of theAnnouncement, shall result in any negative consequences of a legal orcorporate nature for persons entitled to participate in theExtraordinary General Meeting or their proxies - in the case of a laterchange in factual circumstances.

In order to improve the registration process, we also request, wherepossible, the preparation of a list specifying those entitiesrepresented by the proxy in alphabetical order, showing the number ofvotes to which they are entitled.

17. Other information

The Management Board of the Company hereby announces that issues notcovered by this announcement shall be subject to the CommercialPartnerships and Companies Code, the Statutes of the Company and theBylaws of the General Meeting of KGHM Polska Miedź S.A. with itsregistered head office in Lubin, and therefore requests the shareholdersof the Company to familiarise themselves with these regulations. In thecase of questions or doubts related to participation in theExtraordinary General Meeting, please contact the Company at: tel. (+4876) 74 78 381, or by email address: wza@kghm.com.

18. Real-time webcast of the general meeting

The Management Board of KGHM Polska Miedź S.A. hereby announces that theinternet address (link) of the website at which the real-time webcast ofthe Extraordinary General Meeting of the Company, which will take placeon 6 July 2021, at the head office of the Company at the address ul.Marii Skłodowskiej-Curie 48 (in Jan Wyżykowski Hall), will be availableon the Company's website, www.kghm.com, in the sectionInvestors/Corporate Governance/General Meeting. A link to the webcast ofthe Extraordinary General Meeting will also be available in the sectionInvestors/Investor Handbook/Investor Calendar.

The video recording of the meeting will be available on the Company'swebsite, in the section Media/Videos/Shareholder Meetings.

Legal basis: § 19 sec. 1 point 1 of the Decree of the Minister ofFinance dated 29 March 2018 on current and periodic informationpublished by issuers of securities and conditions for recognising asequivalent information required by the laws of a non-member state(Journal of Laws of 2018, item 757)

Translation from the original Polish version. In the event ofdifferences resulting from the translation, reference should be made tothe official Polish version.