High metal grades and increased smelter production

Q3 2009

· Revenues totalled SEK 6,960 million (SEK 7,513 m)
· The operating profit totalled SEK 949 million (SEK -142 m)
· The operating profit, excluding revaluation of process inventory, increased to SEK 734 million (SEK 125 m). The profit improvement includes
SEK 142 million generated by temporarily higher grades
· The zinc smelters were operating at full production capacity by the end of the quarter
· The free cash flow totalled SEK 610 million (SEK -117 m)
· Earnings per share totalled SEK 2.50 (SEK -0.49)

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