Boliden — Capital/Financing Update 2012

Apr 11, 2012

Press Release 5/2012

Stockholm April 11, 2012

Boliden signs a 40 MEUR loan with the Nordic Investment Bank

Boliden has entered into a 40 million Euro loan agreement with the Nordic Investment Bank (NIB) that is connected to the on-going expansion of the Garpenberg zinc-silver mine. The loan is an eight year facility with repayments between 2017 and 2020.

"This is a part of Boliden's continuous work to improve the debt portfolio and we are pleased to continue our good cooperation with NIB." says Mikael Staffas, Boliden's CFO.

The average duration of Boliden's credit facilities after the transaction is 3.1 years.

For further information, please contact:

Frans Benson, Director Investor Relations, Boliden AB, tel +46 8-610 15 23

Marcela Sylvander, Director Group Communications, Boliden AB, tel: +46 8-610 1559, +46 733-244 551

Boliden is a metals company with a commitment to sustainable development. Our roots are Nordic, but our business is global. The company's core competence is within the fields of exploration, mining, smelting and metals recycling. Boliden has a total of approximately 4,400 employees and an annual turnover of approximately SEK 40 billion. Its shares are listed on NASDAQ OMX Stockholm, segment Large Cap, and on the Toronto Stock Exchange in Canada.