Interim report, january - september 2003 24th october 2003

INTERIM REPORT, JANUARY - SEPTEMBER 2003 24th October 2003 ·Turnover for the first nine months of 2003 totalled SEK 6,962 million (SEK 7,252 m) and SEK 2,326 million (SEK 2,196 m) for the third quarter. ·Earnings after net financial items increased to SEK 80 million (SEK 33 m) for the first nine months of 2003, and totalled SEK 11 million (SEK 13 m) for the third quarter. ·The profit after tax was SEK 250 million (SEK 52 m), corresponding to an EPS of SEK 2.92 (SEK 0.61) per share for the first nine months of the year. The profit after tax for Q3 was SEK 81 million (SEK 22 m), corresponding to an EPS of SEK 0.94 (SEK 0.26) per share. ·The cashflows for the first nine months and the third quarter were SEK 34 million (SEK -480 m) and SEK -2 million (SEK -435 m), respectively. ·Boliden and the Finnish company, Outokumpu, have signed a Letter of Intent whereby Boliden declared its intent to acquire Outokumpu's copper and zinc mining and smelting operations and simultaneously to sell its Fabrication and Technology Sales operations to Outokumpu. The transaction will make Boliden one of the world's leading mining and smelting companies. Contact persons for further information: Jan Johansson, President & CEO Tel +46 8 610 16 02 jan.c.johansson@boliden.se Mobile +46 70 555 02 02 Ulf Söderström, VP, Public Relations Tel +46 8 610 15 57 ulf.soderstrom@boliden.se Mobile +46 70 618 95 95 Jan Öhman, Group Controller Tel +46 8 610 15 33 jan.ohman@boliden.se Mobile +46 70 624 19 05 Boliden's homepage: www.boliden.se ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/10/24/20031024BIT00100/wkr0001.DOC The full report http://www.waymaker.net/bitonline/2003/10/24/20031024BIT00100/wkr0002.pdf The full report

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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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