Interim Report, January-June 2009

Higher prices and stable mined production in second quarter

Q2 2009

· Revenues totalled SEK 6,439 million (SEK 7,885 m)
· The operating profit totalled SEK 654 million (SEK 406 m)
· Revaluation of the smelters' process stocks comprises SEK 177 million
(SEK -125 m) of this sum
· The operating profit excluding the revaluation of the process stocks totalled SEK 477 million (SEK 531 m)
· Cash flow was stronger compared to the first quarter
· Earnings per share totalled SEK 1.58 (SEK 0.95)

Contact persons for information:

Lennart Evrell, President & CEO
Tel: (exchange): +46 8 610 15 00

Johan Fant, CFO
Tel: (exchange): +46 8 610 15 00

 Frans Benson, Head of  Investor Relations
 Tel: +46 8 610 15 23

See attached the complete Interim Report

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