Boliden exercises share buy-back mandate

The Board of Directors of Boliden AB has resolved to exercise the mandate to buy back the company's own shares granted by the Annual General Meeting of the company. The mandate comprises a maximum of 10 per cent of the outstanding capital stock. There are currently 289.5 million outstanding shares. Between now and the 2008 Annual General Meeting, buy-backs are limited to the shareholders' non-restricted equity within the Parent Company, Boliden AB, which totals SEK 2.2 billion after share dividends and share redemption.

The aim of the buy-backs is to provide the company with a flexible tool enabling ongoing adjustments to be made to the capital structure, at the time and to the extent deemed appropriate in the light of the then current cash flows and investment requirements.

The company's intention is that the acquired shares shall be subject to decision regarding withdrawal at the next Annual General Meeting.

Boliden AB currently owns none of its own shares.

For further information, please contact:

Staffan Bennerdt, CFO, Boliden AB, tel +46 8 610 1520, +46 70 513 61 14
Marcela Sylvander, Communications Manager, Boliden AB, tel +46 8 610 1559, +46 733 244 551

Boliden is one of the leading mining and smelting companies in Europe with operations in Sweden, Finland, Norway and Ireland. Boliden's main products are copper, zinc, lead and gold and silver. Exploration and recycling of metals are also important within the company. The number of employees is approximately 4 500 and the turnover amounts to approximately EUR 3.8 billion annually. Its shares are listed on Stockholmsbörsen's Large Cap list and on the Toronto Stock Exchange in Canada.

www.boliden.com

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