A number of trade unions in Finland have carried out political strikes during
the quarter, which have affected Boliden's access to critical infrastructure
such as railway and harbors. The strikes do not involve Boliden as a negotiating
party, and the impact on production has been limited. If the announced extension
of the ongoing strike until March 31 is carried out, the total impact on
Boliden's operating profit in the first quarter 2024 is estimated to
approximately SEK 500 million, whereof SEK 200 million is due to reduced
production and SEK 300 million to delayed deliveries to customers. The effect
due to delayed deliveries is temporary and expected to be regained during the
second quarter. The negative cash flow impact during the first quarter is now
estimated to approximately SEK 1 billion, which is higher than previously
communicated following the now extended strike. Some impact on production is
also expected during the second quarter, based on currently assumed
circumstances.

For further information, please contact:
Klas Nilsson, Director Group Communications, phone: +46 70-453 65 88
klas.nilsson@boliden.com

Boliden's vision is to be the most climate-friendly and respected metal provider
in the world. We are Europe's producer of sustainable metals and, guided by our
values care, courage and responsibility, we operate within exploration, mines,
smelters and recycling. We are about 6,000 employees and have annual revenues of
approximately SEK 80 billion. The share is listed in the Large Cap segment of
NASDAQ OMX Stockholm.

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