The Management Board's proposal regarding the allocation of profit for2024

The Management Board of KGHM Polska Miedź S.A. ("the Company") announcesthat on 15 May 2025 it adopted a resolution in respect of which it willsubmit a proposal to the Ordinary General Meeting of KGHM Polska MiedźS.A. to adopt a resolution on the allocation of profit for 2024, in theamount of PLN 2 787 596 997,52, by transferring the entire amount of theprofit to the Company's reserve capital.

In developing its recommendation, the Management Board of the Companymainly took into consideration the assessment of financial needs of theKGHM Polska Miedź S.A. Group in the context of advancement of short andlong-term investment plans.

The above proposal of the Management Board was positively reviewed bythe Supervisory Board of KGHM Polska Miedź S.A.

The final decision regarding the allocation of profit for 2024 will bemade by the Ordinary General 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