Q1 Interim Report for 2016

Q1 2016

  · Revenues totalled SEK 8,849 m (10,407)
  · The operating profit totalled SEK 888 m (1,205)
  · The operating profit, excluding the revaluation of process inventory,
totalled SEK 769 m (1,102)
  · Free cash flow totalled SEK 210 m (19)
  · Earnings per share totalled SEK 2.40 (3.27)

Good result in Smelters

  · The downturn in profit from the previous year was primarily a consequence of
lower metal prices.
  · The net debt/equity ratio was 21% (33).
  · Competition authorities have approved the acquisition of the Kevitsa nickel
-copper mine in northern Finland.

Please find enclosed the full report.

The Interim Report will be presented via a webcast/conference call on Tuesday, 3
May at 09:00 (CET). Information is available at www.boliden.com

Contact persons for information:
Lennart Evrell, President & CEO             Tel: +46 8 610 15 00
Håkan Gabrielsson, CFO                      Tel: +46 8 610 15 00
Sophie Arnius, Director Investor Relations  Tel: +46 8 610 15 23
                                                 +46 70 590 8072

The information provided comprises information that Boliden is obliged to
present, pursuant to the Swedish Securities Market Act and/or the Swedish
Financial Instruments Trading Act. The information was released for publication
on 3 May 2016 at 07:45 (CET).