Bankruptcy proceedings relating to Boliden Apirsa

Bankruptcy proceedings relating to Boliden Apirsa

The local Commercial Court of Seville has in connection with the bankruptcy
proceedings concerning to Boliden's Spanish subsidiary Apirsa granted a
preliminary injunction against Boliden AB and Boliden Mineral AB for the seizure
of assets up to € 141 million, as security for alleged claims relating to a dam
breach accident in Spain in April 1998.

The preliminary injunction was granted without hearing Boliden. Boliden disputes
the court's order and will seek to have it set aside.

Boliden has previously stated that, in its view, the Company will not suffer any
substantial financial damage as a result of the legal proceedings against it
relating to the dam breach accident in Spain. The preliminary injunction granted
by the Commercial Court of Seville does not change Boliden's view. 

For further information, please contact:

Eva Kaijser, Vice President Information och Investor relations, Boliden AB, tel
08-610 1560, 
0709-320 901
Marcela Sylvander, Communications Manager, Boliden AB, tel +46 8 610 1559, 
+46 733 244 551

Boliden is one of the leading mining and smelting companies in Europe with
operations in Sweden, Finland, Norway and Ireland. Boliden's main products are
copper, zinc, lead and gold and silver. Exploration and recycling of metals are
also important within the company. The number of employees is approximately 4
500 and the turnover amounts to approximately EUR 3.8 billion annually. Its
shares are listed on Stockholmsbörsen's Large Cap list and on the Toronto Stock
Exchange in Canada.

www.boliden.com