New Senior Vice President, Group Finance in Boliden


STOCKHOLM, Sweden, March 15, 2004 (PRIMEZONE) -- Staffan Bennerdt has been appointed new Senior Vice President Group Finance in Boliden AB. He will take up his post no later than June 2004.

Staffan Bennerdt is 49 years old and comes to Boliden after having held the position of Finance Director at NCC. His main responsibilities will be financial matters, loan agreements and Treasury. He will be a member of the executive management and report to the CEO.

Jan Ohman, Senior Vice President Group Controlling will be responsible for group controlling and group accounting. Jan Ohman is already a member of the executive management and reports to the CEO.

"A financially larger and stronger Boliden has been created after the completion of the transaction with Outokumpu. We have therefore decided to split the financial organization into two separate functions in order to take full advantage of the new opportunities presented by the transaction," said Jan Johansson President and CEO of Boliden.

Boliden is one of the leading mining and smelting companies in the world with operations in Sweden, Finland, Norway, Ireland and Canada. Boliden's main products are copper, zinc, lead, gold and silver. Exploration and Recycling of Base Metals are also important within the company. The number of employees is approximately 4 900 and the turnover amounts to approximately EUR 1.6 billion annually. The Boliden share is quoted on the Stockholm Stock Exchange in Sweden as well as on the Toronto Stock Exchange in Canada.

www.boliden.com

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