Interim Report, January - September 2003

·Turnover for the first nine months of 2003 totalled SEK
6,962 million (SEK 7,252 m) and SEK 2,326 million (SEK 2,196
m) for the third quarter.

·Earnings after net financial items increased to SEK 80
million (SEK 33 m) for the first nine months of 2003, and
totalled SEK 11 million (SEK 13 m) for the third quarter.

·The profit after tax was SEK 250 million (SEK 52 m),
corresponding to an EPS of SEK 2.92 (SEK 0.61) per share for
the first nine months of the year. The profit after tax for
Q3 was SEK 81 million (SEK 22 m), corresponding to an EPS of
SEK 0.94 (SEK 0.26) per share.

·The cashflows for the first nine months and the third
quarter were SEK 34 million (SEK -480 m) and SEK -2 million
(SEK -435 m), respectively.

·Boliden and the Finnish company, Outokumpu, have signed
a Letter of Intent whereby Boliden declared its intent to
acquire Outokumpu's copper and zinc mining and smelting
operations and simultaneously to sell its Fabrication and
Technology Sales operations to Outokumpu. The transaction
will make Boliden one of the world's leading mining and
smelting companies.

 Contact persons for further information:
 Jan Johansson, President & CEO        Tel      +46 8 610 16 02
 [email protected]            Mobile   +46 70 555 02 02
 Ulf Söderström, VP, Public Relations  Tel      +46 8 610 15 57
 [email protected]             Mobile   +46 70 618 95 95
 Jan Öhman, Group Controller           Tel      +46 8 610 15 33
 [email protected]                  Mobile   +46 70 624 19 05

Boliden's homepage: www.boliden.se

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