Annual Report 2003

New Boliden is an international mining and smelting company that mines, smelts and refines copper and zinc, lead, gold and silver. The company has approximately 4,900 employees who are mainly based in six countries - Sweden, Finland, Norway, Ireland, the Netherlands, and Canada. The company's share is listed on the O-list of the Stockholm Stock Exchange and on the Toronto Stock Exchange. New Boliden's operations are conducted by three Business Areas, namely Mining Operations, Copper and Zinc.

New Boliden is one of the world's leading copper and zinc smelting companies and is also the fourth largest zinc mining company in the world. New Boliden was formed on 1st January 2004 through the merger of Boliden's and Outokumpu's mining and smelting operations. Pro forma net sales for 2003 totalled SEK 14.5 billion.

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The Nomination Committee of Boliden AB (publ) proposes that Victoire de Margerie is elected as new Board Member at the Annual General Meeting ("AGM") on April 23, 2025. Further, the Nomination Committee proposes re-election of all current Board Members

In connection with a new pushback in Aitik, production challenges have arisen as a result of high deposits of the very hard rock type diorite. The occurrences create challenges and mean that the production rate for the first quarter is estimated to be just over 9 Mtonnes. For the full year 2025, production is estimated at close to 40 Mtonnes. The copper grade is estimated at 0.16%, which is in line with what was previously communicated.

Boliden AB (LEI code: 21380059QU7IM1ONDJ56) has during February 7 and 10, 202