Management Board proposal regarding the appropriation of profit for 2025

The Management Board of KGHM Polska Miedź S.A. ("the Company") announcesthat on 27 April 2026 it adopted a resolution in respect of which itwill submit a proposal to the Ordinary General Meeting of KGHM PolskaMiedź S.A. to adopt a resolution on the appropriation of profit for2025, in the amount ofPLN 1 946 423 407.72 by:

- paying out a dividend in the amount of PLN 300 000 000.00 (PLN 1.50per share),

- transferring the amount of PLN 1 646 423 407.72 to the Company'sreserve capital.

Moreover, the Management Board of KGHM Polska Miedź S.A. proposes thatthe Ordinary General Meeting of KGHM Polska Miedź S.A. set the dividenddate at 25 June 2026 and the dividend payment date at 9 July 2026.

In developing its recommendation, the Management Board of the Companymainly took into consideration the current financial condition and theassessment of the financial needs of the KGHM Polska Miedź S.A. Group inthe context of the execution of short-term and long-term investmentplans. This proposal is compliant with the Company's Dividend Policy,which provides for a balance to be maintained between the level ofdividends paid out and opportunities to effectively invest the generatedprofits.

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

The final decision on the appropriation of profit for 2025 will be madeby 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