Boliden Signs Long-Term Electricity Agreement with Norwegian Firm Statkraft

STOCKHOLM, Sweden--(Business Wire)--
Regulatory News:

Boliden Odda AS (STO:BOL) (TSE:BOL) and Norwegian power company
Statkraft have entered into agreements for the supply of electricity
for the periods 2009-2020 and 2021-2030. The total quantity of
electricity supplied under both contracts amounts to 900 GWh/year.

"The agreements ensure Boliden's access to a dependable and
long-term supply of electricity, at predictab

le prices, for the Odda zinc smelter - which will obviously help
to boost the smelter's competitiveness," says Svante Nilsson,
President of Business Area Smelters at Boliden.

As a part of the agreements, Boliden's 39.88 per cent stockholding
and the associated electricity rights in the power company AS
Tyssefaldene will transfer to the Norwegian power company Statkraft.

The agreements, which require the approval of the Norwegian
authorities, among other things, are expected to come into force on 1
January 2009.

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. The 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. Its shares are listed on
Stockholmsborsen's Large Cap list and on the Toronto Stock Exchange in
Canada.

www.boliden.com

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Boliden AB
Svante Nilsson, President Business Area Smelters,
ph: +46 8 610 15 00
or
Boliden Odda
Borge Hauge, Managing Director,
ph: +47 53 64 9447 or +47 90 17 1143
or
Marcela Sylvander, Information Manager,
ph: +46 8 610 1559 or +46 733 244 551

Copyright Business Wire 2008