Q1 2014 INTERIM REPORT

Q1 2014

  · Revenues totalled SEK 8,550 million (SEK 9,249 m)
  · The operating profit totalled SEK 265 million (SEK 695 m)
  · The operating profit, excluding the revaluation of process inventory,
totalled SEK 385 million (SEK 751 m)
  · Free cash flow totalled SEK -432 million (SEK -220 m)
  · Earnings per share totalled SEK 0.56 (SEK 1.86)

Falling profit due to lower prices. Pilot operations at the new Garpenberg mine.

  · The operating profit, excluding the revaluation of process inventory,
totalled SEK 385 million (SEK 751 m). The year on year decline was due to a
deterioration in prices and terms.
  · Costs fell as a result of targeted measures in Business Area Smelters.
  · Pilot operations began at the new Garpenberg concentrator in early March.
Production is scheduled to begin in May. The investment is somewhat ahead of
schedule and according to plan in terms of investment level.
  · At a Board meeting held on 5 May 2014, a decision was taken to invest SEK
600 million as a first step towards enabling an increase in production at Aitik
to 45 Mtonnes per annum.

Please find enclosed the full report.

The Interim Report will be presented via a webcast/conference call on Tuesday, 6
May at 10:30 (CEST). Information is available at www.boliden.com.

Contact persons for information:
Lennart Evrell, President & CEO                          Tel:  +46 8 610 15 00
Mikael Staffas, CFO                                            Tel:  +46 8 610
15 00
Sophie Arnius, Director Investor Relations              Tel:  +46 8 610 15 23

   +46 70 590 8072

The information provided comprises information that Boliden is obliged to
present, pursuant to the Swedish Securities Market Act and/or the Swedish
Financial Instruments Trading Act. The information was released for publication
on 6 May 2014 at 8.00 (CEST).