Boliden: Full-year Report 2002


STOCKHOLM, Sweden, Feb. 18, 2003 (PRIMEZONE) -- Boliden (Other OTC:BDNNF) (TSE:BLS) (Stockholm:BOL):


 -- Boliden reports a profit after financial items of SEK 111 million
    (SEK -3,756 m) for the full year, 2002.

 -- The profit after financial items for the fourth quarter of 2002 
    totaled SEK 78 million (SEK -320 m).

 -- Cash flow for the fourth quarter 2002 improved significantly to
    SEK 466 million. Cash flow for full-year totaled SEK -14 million 
    (SEK 391m).

 -- The Business Area Mining Operations reports a continued improvement
    in profits for the fourth quarter in comparison with the first two 
    quarters of 2002.

 Contact persons for further information: 
  
 Jan Johansson, President and CEO:    Tel +46 8 610 16 02
                                      Mobile+46 70 555 02 02
                                           
 Ulf Soderstrom, VP Public Relations: Tel +46 8 610 15 57
                                      Mobile+46 70 618 95 95
                                           
 Boliden's homepage: www.boliden.ca        

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 The following files are available for download:

 www.waymaker.net/bitonline/2003/02/18/20030218BIT00160/wkr0001.doc
 The full report
 
 www.waymaker.net/bitonline/2003/02/18/20030218BIT00160/wkr0002.pdf
 The full report