New Senior Vice President, Group Finance in Boliden

New Senior Vice President, Group Finance in Boliden

Staffan Bennerdt has been appointed new Senior Vice President Group
Finance in Boliden AB. He will take up his post no later than June 2004.

Staffan Bennerdt is 49 years old and comes to Boliden after having held
the position of Finance Director at NCC. His main responsibilities will
be financial matters, loan agreements and Treasury. He will be a member
of the executive management and report to the CEO.

Jan Öhman, Senior Vice President Group Controlling will be responsible
for group controlling and group accounting. Jan Öhman is already a
member of the executive management and reports to the CEO.

 -        A financially larger and stronger Boliden has been created
 after the completion of the transaction with Outokumpu. We have
 therefore decided to split the financial organization into two separate
 functions in order to take full advantage of the new opportunities
 presented by the transaction, says Jan Johansson President and CEO of
 Boliden.

-30 -

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, Ireland and Canada.
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 4 900 and the turnover
amounts to approximately EUR 1.6 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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