Provisional attachment relating to Boliden Apirsa

Provisional attachment relating to Boliden Apirsa

The Svea Court of Appeal has declared that the previous decision, made by the
local Commercial Court in Seville, regarding provisional attachment to a value
of EUR 141 million on assets belonging to Boliden, is enforceable in Sweden. The
enforcement can only take place if the other party first provides Boliden with a
security to a value of EUR 141 million. 


In conjunction with the insolvency proceedings for Boliden's Spanish subsidiary,
Apirsa the local Commercial Court in Seville has, at the request of the
receivers, issued provisional attachment relating to assets belonging to
companies in the Boliden Group to a total value of EUR 141 million. The
receivers have applied to the Svea Court of Appeal for this ruling to be
declared enforceable in Sweden. The Svea court of Appeal has, with reference to
the rules governing the execution of foreign court orders, declared the decision
enforceable in Sweden. The enforcement is however conditional upon that the
other party, the receivers, provides Boliden will security to a value of EUR 141
million. 
The Svea Court of Appeal has hence not expressed an opinion on the claims for
damages made by the bankrupt estate as part of the ongoing process in Spain,
ruling only on whether the formal preconditions for the execution in Sweden of
provisional attachment have been met. Boliden has previously stated its opinion
that the Company will not suffer any substantial financial damage as a result of
the legal proceedings arising from the dam breach accident in Spain. This
opinion remains unchanged. 

For additional background information on the legal proceedings etc. arising from
the dam accident at Boliden's Spanish subsidiary, Apirsa, in 1998, please see
Note 22 of Boliden's 2007 Annual Report and the Boliden press release
2007-06-21.

For further information, please contact:
Marcela Sylvander, Information Manager, telephone: +46 8-610 1559, +46 733-244
551

Boliden is a leading European metals company whose core competence is in the
fields of exploration, mining, smelting and recycling. Boliden's main metals are
zinc and copper. Other important metals extracted and refined include lead, gold
and silver. Operations are conducted in three Business Areas: Market, Smelters
and Mines. The number of employees is approximately 4 500 and the turnover
amounts to approximately EUR 3.6 billion annually. Boliden's shares are listed
on Stockholmsbörsen's  Large Cap list and on the Toronto Stock Exchange in
Canada.
www.boliden.com