Boliden: Year-end Report 2011

Regulatory News:

Boliden (STO:BOL)(TSX:BOL):

Q4 2011

-- Revenues totalled SEK 9,716 million (SEK 10,120 m)

-- The operating profit totalled SEK 1,075 million (SEK 1,942 m)

– The operating profit, excluding the revaluation of process inventory, totalled SEK 991 million (SEK 1,445 m)

– A provision of SEK 125 million (SEK 80 m) for future reclamation costs was charged to the fourth quarter profit

-- Free cash flow totalled SEK -482 million (SEK 1,850 m)

-- Earnings per share totalled SEK 2.88 (SEK 5.17)

Full year 2011

-- Revenues totalled SEK 40,323 million (SEK 36,716 m)

-- The operating profit totalled SEK 4,748 million (SEK 5,643 m)

– The operating profit, excluding the revaluation of process inventory, totalled SEK 5,008 million (SEK 4,830 m)

-- Free cash flow totalled SEK -3 million (SEK 3,202 m)

-- The debt/equity ratio was 29 per cent (24%)

-- Earnings per share totalled SEK 12.39 (SEK 14.47)

-- The Board of Directors proposes a dividend of SEK 4 (SEK 5) per share

Please find enclosed the full Report: http://feed.ne.cision.com/wpyfs/00/00/00/00/00/18/3D/34/wkr0001.pdf

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