Higher metal prices but lower metal grades during fourth quarter

Q4 2009

· Revenues totalled SEK 8,356 million (SEK 6,287 m).
· The operating profit was SEK 1,232 million (SEK -491 m). Excluding revaluation of process inventory, the operating profit was SEK 870 million (SEK 211 m).
· The free cash flow totalled SEK 350 million (SEK -534 m).
· Earnings per share totalled SEK 3.00 (SEK -1.65).

Full year 2009

· Revenues totalled SEK 27,635 million (SEK 30,987 m).
· The operating profit was SEK 3,623 million (SEK 1,004 m). Excluding revaluation of process inventory, the operating profit was SEK 2,350 million (SEK 1,793 m).
· The free cash flow totalled SEK -948 million (SEK 837 m).
· Earnings per share totalled SEK 9.14 (SEK 3.42).

· The Board of Directors proposes that the Annual General Meeting approve payment of a dividend of SEK 3 (SEK 1) per share.
· Financial targets adjusted

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, Investor Relations
Tel: +46 8 610 15 23

Please find enclosed the full Q4 Report.