BOLIDEN LIMITED REPORTS SECOND QUARTER 2001 RESULTS AND RECENT CORPORATE DEVELOPMENTS

(All dollar amounts are in United States dollars)

Overview

•Improved year over year operating results

•Prospectus filed for $243 million fully secured equity offerings

•Definitive loan documentation signed to refinance existing debt and losses incurred on the closing out of existing foreign currency hedge contracts

•Norzink and Chilean Assets sold

•New credit lines to carry out foreign currency hedging at current exchange rates

•New President and Chief Executive Officer appointed

•New board of directors to be appointed and Swedish redomiciliation process to commence after completion of equity offerings.