Structure of the Group

As at 31 December 2014, the Group included the Parent Entity - KGHM Polska Miedź as well as 75 subsidiaries. Some of the subsidiaries formed their own groups. The largest of them, both in terms of the number of operators and the amount of capital, is KGHM INTERNATIONAL LTD. It consists of 26 subsidiaries.

The segmented structure of the KGHM Polska Miedź S.A. Capital Group as of 31.12.2014

The Group includes companies involved in the core business, i.e. the mined production of metals (such as copper, silver, nickel, gold, platinum and palladium), exploring for and assessing depoits of copper and other metals, and companies which support the core business, for example companies which provide services involving mine construction, transportation, the production of mining machinery and equipment, the generation of electricity and heat, the production of explosives and also research and development. Other companies which are not related to the core business provide services in fields such as health care, among others.