Notice regarding change in major holding

Notice regarding change in major holding

On 01/11/07, Boliden acquired 200 000 of its own shares through its buy-back
programme. Boliden consequently now owns 14 656 000 shares, corresponding to
5.063 per cent of the total number of shares and votes in the company. There are
a total of 289,457,169 shares in Boliden. 

The ongoing buy-back programme is based on the mandate granted to the Board of
Directors of Boliden AB by the 2007 Annual General Meeting. The mandate is valid
for a maximum of 10 per cent of the outstanding share stock. The buy-backs are
restricted, prior to the 2008 Annual General Meeting, to the non-restricted
equity of the parent company, Boliden AB, which, after dividend payments and
share redemptions, totals SEK 2.2 billion. 

This announcement is made pursuant to the provisions of § 1991:980 of the
Swedish Trading in Financial Instruments Act. 


For further information, please contact:

Carina Wång, Acting CFO, Boliden AB, tel. +46 8 610 1521, +46 70 539 7223
Eva Kaijser, Senior Vice President, Investor Relations and Group Communications,
Boliden AB, tel. +46 8 610 1560, +46 709 320 901

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