Boliden granted deficit deduction of SEK 1.6 billion

Boliden granted deficit deduction of SEK 1.6 billion

On 12th March 2008, the Administrative Court of Appeal granted Boliden a deficit
deduction of SEK 1,557 million. The value of the deficit deductions will
increase the profit for 2008 by SEK 436 million.

As a result of the 2002 audit of Boliden Mineral AB's tax returns for the
1998-2002 financial years, the Swedish National Tax Board disallowed deductions
made totalling SEK 2,043 million and imposed a tax surcharge of SEK 29 million
on the company. 

The County Administrative Court had previously accepted the Swedish National Tax
Board's opinion and disallowed the deductions made. Boliden appealed this ruling
to the Administrative Court of Appeal who held main proceedings in the case in
January 2008. In its ruling of 12th March 2008, the Administrative Court of
Appeal gave consent to the deductions made and removed the imposed tax
surcharge.

The Administrative Court of Appeal's ruling stands, unless appealed to the
Administrative Supreme Court, within two months. In order for the ruling to be
tried the Administrative Supreme Court has to give leave to appeal. 

For further information, please contact:
Carina Wång, Acting CFO, Boliden AB, 
ph: +46 8 610 15 21, +46 70 539 7223
Eva Kaijser, SVP Investor Relations & Group Communications, Boliden AB, 
ph: +46 8 610 15 60, +46 70 932 09 01

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 3.6 billion annually. Its
shares are listed on Stockholmsbörsen's Large Cap list and on the Toronto Stock
Exchange in Canada.
www.boliden.com