Interim Report, January-June 2008

Lower zinc prices and weaker US dollar cut profits

Q2, 2008
• Revenues totalled SEK 7,885 million (SEK 9,292 m).
• The operating profit was SEK 406 million (SEK 2,220 m).
• Earnings per share totalled SEK 0.95 (SEK 5.56).
• The free cash flow totalled SEK 290 million (SEK 451 m).
• Substantial decrease of operating capital
• Increased credit facility totalling approximately SEK 5 billion.
• Metal prices hedged for 2010.

First six months, 2008
• Revenues totalled SEK 17,187 million (SEK 17,748 m).
• The operating profit was SEK 1,637 million (SEK 3,506 m).
• Earnings per share totalled SEK 5.56 (SEK 8.74).
• The free cash flow totalled SEK 1,488 million (SEK 1,586 m).
• Approval of a deficit deduction of SEK 1,557 million yielded a tax receipt of SEK 436 million.
• Increased ore reserves and mineral assets.


Contact persons for information:

Lennart Evrell, President & CEO
Tel (exchange): +46 8 610 15 00
lennart.evrell@boliden.com

Carina Wång, Acting CFO
Tel (exchange): +46 8 610 15 00
carina.wang@boliden.com

Stefan Lundewall, IR contact
Tel: +46 8 610 15 20, cell +46 70 208 32 13
stefan.lundewall@ext.boliden.com

See attached the complete Interim Report
www.boliden.com