Proposal for the composition of Boliden's Board of Directors

In view of the transaction between Boliden and Outokumpu, Boliden
shareholders representing approximately 30 percent of the total number
of shares and votes in the company have informed Boliden that at the
extraordinary shareholders' meeting to be held on December 18, 2003 they
will jointly propose that:

Ms. Satu Huber, Mr. Tapani Järvinen, Mr. Christoffer Taxell and Mr.
Risto Virrankoski are elected new members of the Boliden Board of
Directors, replacing Ms. Gun Berglund, Mr. Göran Collert, Mr. Sverker
Martin-Löf and Mr. Kjell Nilsson.

Mr. Carl Bennet, Ms. Marie Berglund, Mr. Jan Johansson and Mr. Anders
Sundström will remain members of the Board as elected at the annual
shareholders' meeting in May 2003.

The Board of Directors of New Boliden will altogether comprise 11
members also including three personnel representatives,. Mr. Risto
Virrankoski is proposed to be Chairman and Mr. Carl Bennet Deputy
Chairman of the Board of New Boliden.

The resolution regarding these changes to the Board of Directors of
Boliden shall concern the period up until the close of the next annual
shareholders' meeting, and come into effect at closing of the
transaction between Boliden and Outokumpu, which is estimated to take
place by the year-end 2003.

An invitation to the extraordinary shareholders' meeting that will held
on December 18, 2003 in Skellefteå, Sweden will be published tomorrow in
Swedish Official Gazette, Svenska Dagbladet, Dagens Nyheter,
Västerbottens Folkbladet and Norra Västerbotten. The invitation will
also be published as a separate stock exchange release.

Information on the proposed new Board members:

Ms. Satu Huber, 45
M. Sc. (Econ.)
Director of Finance and Head of Finance Division, Finnish State Treasury
Member of the Board of Directors of Finnish Industry Ltd, National Board
of Economic Defence, Association for the Finnish Culture Foundation and
Deputy Member of the Board of Swedish School of Economics and Business
Administration

Mr. Tapani Järvinen, 56
Lic. Tech.
President of Outokumpu Technology and Executive Vice President and
Member of the Group Executive Committee, Outokumpu Oyj
Chairman of the Finnish - Latin American Trade Association
Member of the Board of Directors of International Copper Association and
Eurométaux

Mr. Christoffer Taxell, 55
LL. M
Former minister of the Finnish government
Chairman of the Board of Directors of Finnair Abp, Foundation of Åbo
Academy
Member of the Board of Directors of Stockmann Oyj Abp, Sampo plc, Raisio
Yhtymä Oyj, Nordkalk Corporation and Hormos medical Corp

Mr. Risto Virrankoski, 57
B. Sc. (Econ.)
Deputy Chief Executive and Deputy President, Outokumpu Oyj
Vice Chairman of the Group Executive Committee of Outokumpu Oyj
Member of the Board of Directors of VR Ltd (Finnish Railways)

Photographs can be downloaded from Boliden's website,
http://www.boliden.se.