Full-year Report 2005

“Boliden reports a record profit for 2005”

Full year 2005 • Net sales: SEK 20 441 million (SEK 17 928 m) • Operating result: SEK 3 069 million (SEK 1 831 m) • Result after financial items: SEK 2 812 million (SEK 1 365 m) • Result for the period: SEK 2 046 million (SEK 1 220 m) • Earnings per share: SEK 7.07 (SEK 4.98) • Cash flow from operating activities: SEK 2 540 million (SEK 1 552 m) • Net debt/equity ratio: 54 (71) per cent • Boliden’s Board of Directors proposes to the Annual General Meeting a dividend of SEK 2 per share. • New financial target – debt/equity ratio of approximately 40 per cent Fourth quarter of 2005 • Net sales: SEK 6 323 million (SEK 4 618 m) • Operating result: SEK 1 585 million (SEK 511 m) • Result after financial items: SEK 1 581 million (SEK 352 m) • Result for the period: SEK 1 189 million (SEK 292m) • Earnings per share: SEK 4.11 million (SEK 1.13 m) • Cash flow from the operating activities: SEK 947 million (SEK 295 m) Contact persons for information: Jan Johansson, President and CEO Tel.: +46 8 610 16 02 Mobile: +46 70 555 02 02 jan.c.johansson@boliden.com Ulf Söderström, Senior VP, Group Communications Tel.: +46 8 610 15 57 Mobile: +46 70 618 95 95 ulf.soderstrom@boliden.com Staffan Bennerdt, CFO Tel.: +46 8 610 15 20 Mobile: +46 70 513 61 14 Staffan.bennerdt@boliden.com See attached the complete Interim Report www.boliden.com

About Us

Boliden is a metals company with a commitment to sustainable development. Our roots are Nordic, but our business is global. The company’s core competence is within the fields of exploration, mining, smelting and metals recycling. Boliden has approximately 5,500 employees and a turnover of SEK 40 billion. Its share is listed on NASDAQ OMX Stockholm, segment Large Cap. www.boliden.com

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