Interim Report, January- March 2006

Boliden reports record first quarter result

Q1 2006 • Net sales totalled SEK 7,337 million (SEK 4,458 m). • Operating profit improved to SEK 1,750 million (SEK 398 m). • Net result increased to SEK 1,239 million (SEK 256 m). • Earnings per share improved to SEK 4.28 (SEK 0.88). Significant events • Continued strong global metal market with increased copper and zinc prices. • Substantial increase in Garpenberg’s ore reserves. • New contract boosts nickel smelting at the Harjavalta smelter.