Boliden — Board/Management Information 2008

Dec 5, 2008

Press Release 18/2008

Stockholm December 5, 2008

Svante Nilsson new President of Business Area Market at Boliden

Svante Nilsson has been appointed as the new President of Business Area Market, effective as of 1st January 2009, in conjunction with Ulf Söderström's decision to leave the company to take over as SVP of Business Development and Strategy at SCA.

Svante Nilsson will also be the Acting President of Business Area Smelters until a permanent solution has been found.

For further information, please contact:

Lennart Evrell, President & CEO, Boliden AB, tel: +46 (0)8 610 15 00 Svante Nilsson, President Business Area Smelters, tel: +46 (0)8 610 1527 Marcela Sylvander, Manager Group Communications, Boliden AB tel: +46 (0)8 610 15 59, +46 (0)733 244 551

Boliden is a leading European metals company whose core competence is in the fields of exploration, mining, smelting and recycling. Boliden's main metals are zinc and copper. Other important metals extracted and refined include lead, gold and silver. The operations are conducted in three Business Areas: Market, Smelters and Mines. The number of employees is approximately 4 500 and the turnover amounts to approximately EUR 3.6 billion annually. Its shares are listed on Stockholmsbörsen's Large Cap list and on the Toronto Stock Exchange in Canada.

www.boliden.com