Boliden disposes of all its shares in Lundin Mining

Boliden has sold all its 2 176 800 shares in Lundin Mining Corporation ("Lundin Mining"), corresponding to 6.7 percent of the votes and share capital of Lundin Mining before full dilution.

In accordance with Canadian regulations regarding lock-up period, Boliden has sold the shares to an Accredited Investor.

Boliden will realise a capital gain of approximately SEK 20 million, which will be accounted for in the result for the first quarter of 2005.

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For further information, please contact:
Jan Johansson, President and CEO, telephone +46 8 610 1602, + 46 70 555 02 02
Ulf Söderström, Senior VP Group Communications, telephone +46 8 610 15 57, +46 70 618 95 95

Boliden is one of the leading mining and smelting companies in the world with operations in Sweden, Finland, Norway and Ireland. Boliden's main products are copper, zinc, lead, gold and silver. Exploration and Recycling of Base Metals are also important within the company. The number of employees is approximately 4 500 and the turnover amounts to approximately EUR 2 billion annually. The Boliden share is quoted on the Stockholm Stock Exchange in Sweden as well as on the Toronto Stock Exchange in Canada.

www.boliden.com

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