Decision of the Management Board of the Company on the issuance of bondsand detailed terms of the issuance

In reference to regulatory filing no. 27/2024, the Management Board ofKGHM Polska Miedź S.A. ("Company") announces that on the basis ofresults of the book building process, concluded on 14 June 2024, itadopted a resolution on the issuance of C series bonds ("Bonds") on thePolish market under the bonds issuance program, up to the maximum amountof PLN 4 000 000 000 and under the following terms:

1. Total nominal value of the issued Bonds: PLN 1 000 000 000.

2. Nominal value of one Bond: PLN 1 000.

3. Issuance price of one Bond: equal to the nominal value of a bond.

4. Issuance date: 26 June 2024.

5. Bond redemption date: 26 June 2031.

6. Bonds interest rate: WIBOR 6M + a Margin of 125 p.b. p.a.

7. Benefits from the Bonds will be only of a monetary nature.

8. The Bonds will be unsecured ordinary bearer bonds.

9. The Bonds will be issued pursuant to art. 33 point 1) in connectionwith art. 34 of the Act on Bonds of 15 January 2015.

10. The Bonds will be registered in the securities depository operatedby KDPW (Krajowy Depozyt Papierów Wartościowych S.A., or the NationalDepository for Securities) and will be placed on the Catalyst market, inthe Alternative Trading System, not later than by 31 August 2024.

11. The purpose of the issuance, within the meaning of art. 32 sec. 1 ofthe Act on Bonds of 15 January 2015, was not defined.

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)