Good morning. My name is Aleksander Cieśliński. I'm the Chairperson of the Supervisory Board of KGHM Polska Miedź S.A., and I will be convening or heading this Extraordinary General Meeting here and after EGM, up until the point we elect the chairperson of the meeting today. So I hereby open today's EGM, and first, I would like to welcome all the shareholders and proxies of shareholders. Particularly, I would like to welcome the members of the authorities of the company, because it is thanks to them, their work, thanks to the current composition of the management and authorities, it attains these high results. I would also like to welcome the members of the Supervisory Board, Mr. Czyczerski, Mr. Szarek, and Mr. Darowski. Welcome, members of the Management Board. Mr. Chairman Szydło, Deputy Chairman for Corporate Affairs, Piotr Stryczek, Deputy Chairman for Financial Affairs, Mr.
Krzyżewski, Deputy Chairman for Developmental Affairs, Mr. Bryja, and Deputy Chairman for Production, Mr. Laskowski. I would also like to welcome the representatives of the media and employees of the company. Let me inform you that the protocol of today's EGM is going to be conducted by notary Radosław Stępniak. So right now, we need to proceed to the election of the chairman of today's EGM. So would the candidates please raise their hands to be the chairperson of today's EGM? There is one hand raised. My name is Andrzej Leganowicz, shareholder entitled to participate in today's meeting. I hereby offer myself as the chairperson of today's EGM, and I will take this position if selected. Any other candidates? If not, let me inform you that only one candidate was shown to the chairperson of today's EGM.
Before we start the procedure, I would like to ask the representative of the Programer company to tell us about the voting terminals and how to operate them. Welcome, ladies and gentlemen. At the registration, you got three tags: green, vote for; red, against; and yellow, abstain. Once the voting is started, you wait for the display, the blue display, and then you close the tag to the NFC reader. After the vote was cast, you will get the information. If it's an open ballot, you will get the information who cast the ballot. If it's a secret ballot, then you will just get the information that the vote was cast. Right now, let's start a trial voting, just to check if everything works correctly. If you see the blue screen on the display, you can touch the screen with your tags.
[Foreign language]
I hope everything is okay. So let's close the vote, the trial vote.
Okay.
So I hereby open the secret ballot regarding the election of the chairman of the extraordinary general meeting of KGHM Polska Miedź Tomasz Zdzikot, to be Mr. Andrzej Leganowicz. Let's start the vote now.
Czy wszyscy oddali głos?
Has everyone cast their vote?
Proszę państwa.
If so, I hereby close the vote, and please, let's display the results.
Szanowni państwo.
Ladies and gentlemen, results are as follows. Regarding the election of the chairman of the extraordinary general meeting, 139,380,438 votes were cast. Votes for: 138,315,292. Against: 1,065,146. No votes abstained. As a result of the secret ballot, Mr. Andrzej Leganowicz has been selected as chairman of the extraordinary general meeting of KGHM Polska Miedź S.A., so I hereby give him the floor.
Dziękuję bardzo.
Thank you very much for choosing me. I hereby accept my position. I am signing the attendance list, first and foremost. The list was signed by the chairperson of today's EGM, and it is presented for your viewing, for the shareholders' viewing, for the time of the meeting. If you need to have a look at it, you may do so by the end of today's meeting. By selecting the chairperson of today's EGM, we have conducted point two of the agenda. Now, point three is confirming the legality of convening today's EGM in its capacity to adopt resolutions, and I would like to inform you that today's EGM is happening on request appointed by the State Treasury on the 17th of December 2025.
The EGM was announced on the website of KGHM Polska Miedź S.A., on the address www.kghm.com, on the 22nd of December 2025, and it was kept there up until today. The content of the announcement fulfills the conditions defined in proper provisions of the Code of Commercial Companies. The report was sent by the company on the 22nd of December 2025, in line with the resolutions on public offers and conditions of introducing financial instruments to organized commercial system and public companies, report 33/2025. In the report 34/2025, the company sent the draft resolutions presented at today's EGM. The documentation was presented on the website of the company at the address www.kghm.com, and the entire set of documents fulfills the requirements defined in proper articles of the Code of Commercial Companies, and the documentation is kept there up until today.
Let me just inform you that from the moment of appointing today's EGM, there were no requests of broadening the agenda in the form of relevant articles of the Code of Commercial Companies. There were no requests in this result, and the same shareholder appointed four candidates for the company's Supervisory Board, and the company informed that in the current report, number 2/2026, published on the 16th of January 2026. And in the report, the company informed of appointing the following candidates: Remigiusz Paszkiewicz, Łukasz Żelewski, Artur Ulrich, and Mr. Zbigniew Ćwiąkalski to the Supervisory Board. And the report also included the biographical notes of the candidates.
Let me just inform you that the list of those authorized to participate in today's EGM has been compiled in line with relevant provisions of the Code of Commercial Companies, and in line with the relevant provisions of the company statute, the EGM may adopt resolutions provided that there are at least a quarter of the share capital represented, and the current attendance is 738 shareholders present both here or represented by proxies. The number of represented shares is 139,380,439. The capital represented is 69.69% or 69.7%. So I hereby state that we have the quorum to adopt resolutions in today's EGM. The attendance may change during today's EGM. If you would like to leave the room and not continue their attendance, please note that fact on the attendance list, and please also let the technical operators know about that.
And then we will amend the attendance list and the voting procedure. Today's EGM has been appointed without the possibility of remote participation. All the votes are going to be conducted directly by those who are present here. The regulations of general meetings do not provide for the voting by letters. So let me hereby one more time state the legality of convening the EGM and its capacity to adopt resolution within the agenda that was published. Let me just also inform you that today's EGM is also broadcasted online, and there are representatives of media present here. Please, can you introduce yourselves? Łukasz Kazimierczak, Głos Głogowa, Master Głogów TV, Lubin 24, Radio Elka, Polskie Radio Wrocław, Lubin.pl portal. We also have a photographer with us. Muzyczne Radio, Radio Plus Legnica and Telewizja Regionalna, e-legnickie.pl, Zmiedzi.pl portal. Thank you very much.
Would any of the proxies or shareholders like to present their concerns in terms of the presence of the media representatives here in the room during today's EGM? I don't see any. So then it means that we have conducted the third point of the agenda. So in terms of confirmation of the legality of convening the EGM and its capacity to adopt resolutions. Number four, acceptance of the agenda. Let me present the agenda and the part that has not been completed. Point five: changes to the composition of the Supervisory Board of the company. Number six: adoption of a resolution of covering costs of convening and holding the EGM. And point number seven is closing of the Extraordinary General Meeting. Does anyone have any remarks to the agenda presented in a way or suggestions about the way of its commencing? If you have so, please let us know.
I don't see any. So then resolution content is the resolution number, next number slash 2026 of the Extraordinary General Meeting of KGHM Polska Miedź, dated 20th of January 2026, regarding the acceptance of the agenda of the Extraordinary General Meeting of KGHM Polska Miedź. Point one: the EGM of KGHM Polska Miedź hereby accepts the following agenda, and here is the agenda containing seven points, partially already done and known. And then point two: the resolution comes into force upon its adoption. Any remarks regarding the proposed content of the resolution? I don't see any. Are we ready to start the vote? If so, I will open the vote now. Please cast your votes. The voting is open by majority. Prośba do. I would like to ask people who have proxies who are proxies please let us know that you finished voting.
So I'm closing the vote and let's see the results. 139,380,438 votes were cast that were valid. 138,315,292 votes for against 1,065,146 abstained. So this resolution has been adopted. Let's move on to point five of the agenda. We have the changes of the composition of the supervisory board of the company. We propose two resolutions. These are of dismissals of a member of the supervisory board. The second is about appointments of a member of the supervisory board. So I will present you both sections. So now about dismissal. In paragraph one, the extraordinary general meeting of KGHM Polska Miedź dismisses Tomasz Zdzikot from the composition of the supervisory board of KGHM. Of course, we provide here the name and surname. And section two, the resolution comes into force upon its adoption and justification.
We have also here the appointment of a member of the Supervisory Board of KGHM Polska Miedź, Tomasz Zdzikot. Here we have the name and the surname of the person appointed to the supervisory board. And section two, information that the resolution comes into force upon its adoption. So first of all, I would like to create a list of motions regarding dismissals from the Supervisory Board of KGHM Polska Miedź. So I have a question to you, to proxies, to stakeholders. Are there any propositions to do so? Okay, we have Katarzyna Witkowska, proxy of the State Treasury. I would like to dismiss from the supervisory board the following people: Mr. Aleksander Cieśliński, Mr. Tadeusz Kocowski, Mr. Zbysław Dobrowolski, and Mr. Dominik Januszewski. Thank you. Are there any other proposals of dismissals from the supervisory board? No other proposals.
So let me close the list of motions regarding dismissal of members of the Supervisory Board and summarize it. There was a motion to dismiss Mr. Aleksander Cieśliński, Mr. Tadeusz Kocowski, Mr. Zbysław Dobrowolski, and Mr. Dominik Januszewski. The question to proxies: Do you need a break to consult with your stakeholders? We need a 10-15 minute break to consult with our clients. Yes, let's have a 15 minute break. It's 11:23 A.M. Let's say 11:20 A.M. So let's meet at 11:40 A.M. So please keep the time regime. And here we are having the break. So as I assume that you've decided on the voting type, please inform all the people that are outside that we are going to have the meeting that is going to be convened again. Uprzejma prośba o. So please take your seats. Wznawiam obrady. So I reconvene EGM of Polska Miedź Polish Copper.
So we are now at dismissal of a member of the Supervisory Board. So there was a motion to dismiss from the Supervisory Board four people. The voting will be held in a secret ballot in the alphabetical order, and we will vote each person one by one who are or not going to be dismissed. So the first voting is about dismissal of a member of the Supervisory Board, Mr. Aleksander Cieśliński. We have section one of the Extraordinary General Meeting of KGHM Polska Miedź dismisses Mr. Aleksander Cieśliński from the composition of the Supervisory Board of KGHM. Section two, the resolution comes into force upon its adoption. Are there any remarks on the voting type? No. So the voting is going to be secret. Please vote and do it now. Czy. Have all people been able to cast a vote?
If yes, I'm closing the voting and let's see the results. A total of 139,380,438 votes were cast: 67,508,770 for, 42,837,762 against. Abstained: 29,033,906. I will remind you that the resolution of the extraordinary general meeting of KGHM is done or assumed in the majority of votes, general majority. So we looked at for and against votes, and I now declare that this resolution was adopted. Kolejny. Another resolution is about dismissal of Zbysław Dobrowolski. Part one, section one. The extraordinary general meeting of KGHM Polska Miedź dismisses Mr. Dobrowolski, Zbysław Dobrowolski, from the composition of the supervisory board. Section two, the resolution comes into force upon its adoption. Here we are going to have a secret ballot. Let's vote. Have you all cast your votes? If yes, I'm closing the voting and let's see the results.
A total of 139,038,043 valid votes were cast for the resolution, 76,508,770 against the resolution, 42,837,762, and 29,033,906 votes abstained. So I hereby declare that this resolution was adopted in the secret ballot. Another resolution is about dismissal of Mr. Januszewski. The Extraordinary General Meeting of KGHM Polska Miedź dismisses from the composition of the Supervisory Board Mr. Dominik Januszewski. Section two, the resolution comes into force upon its adoption. So please let's have a vote. It's going to be a secret ballot. Czy wszystkie. Have you been able to cast your vote? If yes, I'm closing the ballot and let's see the results. A total of 139,380,438 valid votes, votes for the adoption, 67,508,770 against the resolution, 42,837,762 votes, and 29,033,906 votes abstained. So I hereby declare that the resolution in the secret ballot was adopted. Another resolution is about dismissal of Mr.
Tadeusz Kocowski from the Supervisory Board. Section one, the Extraordinary General Meeting of KGHM Polska Miedź dismisses from the composition of the Supervisory Board of KGHM Polska Miedź Mr. Tadeusz Kocowski. Section number two, this resolution comes into force upon its adoption. So please let's vote in the Secret Ballot. Czy wszystkie. Have you been able to cast your votes? Okay, yes, I'm closing the ballot and let's see the results. A total of valid votes: 139,380,438 votes for the resolution: 67,508,770 against the resolution: 42,837,762 and abstained votes: 29,033,906. So I hereby declare that the resolution was adopted in the Secret Ballot. Ladies and gentlemen, now we have another situation. Ten people, ten members of the Supervisory Board now, because we dismissed, we have two vacancies according to the statute and to the previously adopted resolution in 2014.
The resolution of the Supervisory Board declared that the number of Supervisory Boards should be, or the General Meetings should from 2014 declared, assumed the same number of people, the same composition of General Meeting from seven to 10. Now we have only six people, so we need to appoint at least one person. We have four candidates. Are there any other candidates besides that that you would like to propose? Innych kandydatów jakby I don't see any. So the list of candidates has been closed right now. Let me summarize those candidates right now in alphabetical order: Mr. Zbigniew Świąkalski, Mr. Remigiusz Paszkiewicz, Mr. Artur Urlich, and Mr. Łukasz Żelewski. Let me inform you that all the candidates have expressed their agreement to become. Candidates have been presented the declaration of participation to be appointed as member of the Supervisory Board.
Proxy of the motion submitter, is there any problem in relation to the statute or the Code of Commercial Companies or the good practices of companies on the stock market reported on the Warsaw Stock Market? Any statements? Let me say that Mr. Artur Urlich has presented their statement on independence criteria. And then to confirm the other all the four candidates, let me just say that all the four candidates have been granted the company board agreement. So in relation to the report, the technical break used for conferring with the clients by proxies is not needed since the candidates were known before. So let's start and let's move on with the votes. It's going to be in the alphabetical order, one by one, of course. The first one is going to be regarding the appointment of Mr. Zbigniew Świąkalski as a member of the Supervisory Board.
The resolution reads as follows. Section one, the Extraordinary General Meeting of KGHM Polska Miedź appoints Mr. Zbigniew Świąkalski to the composition of the Supervisory Board of KGHM Polska Miedź. Section two, the resolution comes into force upon its adoption. I'm hereby opening the secret vote on this resolution. Please cast your votes. Czy wszystkie osoby? Has everyone managed to cast their votes? If so, I'm closing the meeting, the voting, and let's see the results. Ladies and gentlemen, a total votes cast 139,380,438 of valid votes. Votes for 83,770,223 votes against 42,837,762 and votes abstained 12,772,453. So the resolution was hereby adopted in the secret ballot. Next voting pertains to the appointment to the Supervisory Board of Mr. Remigiusz Paszkiewicz. Section one of the resolution draft is as follows. The Extraordinary General Meeting of KGHM Polska Miedź appoints Mr.
Remigiusz Paszkiewicz to the composition of the supervisory board of KGHM Polska Miedź. Section two, the resolution comes into force upon its adoption. I'm hereby opening the vote, secret vote. Czy wszystkie osoby uprawnione zdążyły oddać? Has everyone managed to cast their votes? If so, I'm closing the vote. And the results: total votes 139,380,438, votes for 83,770,223, votes against 42,837,762, votes abstained 12,772,453. So I hereby declare that the resolution was adopted in the secret ballot. The next voting regarding appointment of Mr. Artur Urlich to the supervisory board of KGHM Polska Miedź. Let me just inform you that Mr. Urlich has provided his statement on fulfilling the independence criteria mentioned in the relevant section of the company statute. So he is appointed to the supervisory board as an independent candidate. And the resolution draft is as follows.
Section one, the Extraordinary General Meeting of KGHM Polska Miedź appoints Mr. Artur Urlich to the composition of the Supervisory Board of KGHM Polska Miedź. And let me also clear out the doubts as to the pronunciation and reading the name. And then section two, this resolution comes into force upon its adoption. I'm hereby opening the secret ballot. Czy wszystkie osoby uprawnione? Have you managed to cast your votes? If so, I'm closing the voting. Ladies and gentlemen, total votes cast 139,380,438, votes for 83,770,223, votes against 42,837,762, and votes abstained 12,772,453. So the resolution has been adopted. The next resolution draft regards Mr. Łukasz Żelewski. Section one, the Extraordinary General Meeting of KGHM Polska Miedź appoints Mr. Łukasz Żelewski to the composition of the Supervisory Board of KGHM Polska Miedź. Section two, the resolution comes into force upon its adoption. I'm hereby opening the secret ballot.
Czy wszystkie osoby have you managed to cast your votes? If so, I'm closing the voting. Please display the results. Ladies and gentlemen, total votes cast is 139,380,438 votes for 83,770,223 votes against 42,837,762 and votes abstained 12,772,453. So the resolution is hereby adopted in the secret ballot. These are the results on the appointments to the supervisory board. And this is the end of point five of the agenda. Point six is adopting the resolution regarding covering costs of convening and holding the extraordinary general meeting of KGHM Polska Miedź. The draft of the resolution reads as follows. Section one, the cost of convening and holding the EGM of KGHM Polska Miedź shall be covered by KGHM Polska Miedź. Section two, this resolution comes into force upon its adoption.
Let me just add that this resolution is a standard point of the agenda in relation to meetings organized on request of the shareholder. If there are no comments, let's start the voting regarding covering costs of convening and holding the extraordinary general meeting of KGHM Polska Miedź. Please cast your votes. Czy wszystkie osoby? Have you managed to cast your votes? If so, I'm closing the voting. Please display the results. The number of votes cast in total 139,380,438 votes for 100,656,797 votes against 32,998,932 votes abstained 5,724,709. So the resolution has been adopted in an open ballot. And ladies and gentlemen, this is the end of today's agenda, of today's EGM. I would like to thank all those who have participated in it. And I'm hereby closing today's EGM of KGHM Polska Miedź.