Bankruptcy proceedings relating to Boliden Apirsa

The local Commercial Court of Seville has in connection with the bankruptcy proceedings concerning to Boliden’s Spanish subsidiary Apirsa granted a preliminary injunction against Boliden AB and Boliden Mineral AB for the seizure of assets up to € 141 million, as security for alleged claims relating to a dam breach accident in Spain in April 1998.

The preliminary injunction was granted without hearing Boliden. Boliden disputes the court’s order and will seek to have it set aside.

Boliden has previously stated that, in its view, the Company will not suffer any substantial financial damage as a result of the legal proceedings against it relating to the dam breach accident in Spain. The preliminary injunction granted by the Commercial Court of Seville does not change Boliden’s view.