Boliden: Q1 Interim Report for 2016

Regulatory News:

Q1 2016

• Revenues totalled SEK 8,849 m (10,407)
• The operating profit totalled SEK 888 m (1,205)
• The operating profit, excluding the revaluation of process inventory, totalled SEK 769 m (1,102)
• Free cash flow totalled SEK 210 m (19)
• Earnings per share totalled SEK 2.40 (3.27)

Good result in Smelters

• The downturn in profit from the previous year was primarily a consequence of lower metal prices.
• The net debt/equity ratio was 21% (33).
• Competition authorities have approved the acquisition of the Kevitsa nickel-copper mine in northern Finland.

Please find enclosed the full report.

The Interim Report will be presented via a webcast/conference call on Tuesday, 3 May at 09:00 (CET). Information is available at www.boliden.com

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 3 May 2016 at 07:45 (CET).

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