Q2 Interim Report for 2016

Q2 2016

  · Revenues totalled SEK 9,596 m (10,373)
  · The operating profit totalled SEK 912 m (1,090)
  · The operating profit, excluding the revaluation of process inventory,
totalled SEK 901 m (1,257)
  · Free cash flow totalled SEK -4,794 m (1,557)
  · Earnings per share totalled SEK 2.26 (2.96)

High production by Mines

  · The operating profit, excluding the revaluation of process inventory, fell
to SEK 901 m (1,257), largely due to lower metal prices.
  · The profit includes items affecting comparability and provisions for
reclamation of mines yielding a net positive effect of SEK 122 m (0).
  · Acquisition of the Kevitsa nickel-copper mine in northern Finland was
completed on 1 June.
  · Comprehensive maintenance shutdowns at several smelters negatively impacted
the profit to the tune of SEK -210 m (-180).
  · The free cash flow was SEK -4,794 m (1,557). The cash flow includes the
consideration for Kevitsa, which totalled just under SEK 6 billion.
  · The net debt/equity ratio was 43% (28).

Please find enclosed the full report.
The Interim Report will be presented via an audiocast/conference call on
Tuesday, 19 July at 08:30 (CET). Information is available at www.boliden.com.

Contact persons for information:
Lennart Evrell, President & CEO   Tel: +46 8 610 15 00
Håkan Gabrielsson, CFO            Tel: +46 8 610 15 00
Sophie Arnius, Director Investor  Tel: +46 8 610 15 23
Relations
                                       +46 70 590 8072

This information is information that Boliden AB is obliged to make public
pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The
information was submitted for publication through the agency of the Director
Investor Relations, at 07.30 CET on 19 July 2016.