Q1 2015 Interim Report

Q1 2015

• Revenues totalled SEK 10,407 million (8,550)
• The operating profit totalled SEK 1,205 million (265)
• The operating profit, excluding the revaluation of process inventory, totalled SEK 1,102 million (385)
• Free cash flow totalled SEK 19 million (-432)
• Earnings per share totalled SEK 3.27 (SEK 0.56)

Improved prices and terms affected by strong USD

• The effect of a stronger USD and improved smelting terms outweighed the impact of lower metal prices.
• Several minor disruptions to Smelters’ processes resulted in lower feed compared to preceding quarter’s very strong production.
• Increased mined production and improved recovery levels at Garpenberg.
• Production levels fell at Aitik due to winter conditions and maintenance work.
• Appeal regarding diesel tax at Aitik was rejected. Boliden continues to pursue appeals.

Please find enclosed the full report.

The Interim Report will be presented via a webcast/conference call on Tuesday, 5 May at 09:00 (CET). Information is available at www.boliden.com.

Contact persons for information:

The information provided comprises information that Boliden is obliged to present, pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. The information was released for publication on 5 May 2015 at 07:45 (CET).

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