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Board Proposes Redemption of Boliden Shares.


Boliden's financial position has improved substantially over the year as a result of the healthy cash flow, and the Balance Sheet is now considerably stronger than required for the Group's continued development. The Board will, therefore, propose that the Annual General Meeting approve the redemption of Boliden's shares. The combination of this measure and the common dividend would entail a proposed transfer of just over SEK SEK

In currencies, this is the abbreviation for the Swedish Krona.

Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
 4 billion to the shareholders, corresponding to approximately SEK 14 per share.

STOCKHOLM, Sweden -- Further information will be provided in conjunction with the Preliminary Financial Statement issued on 8th February 2007.

Boliden (STO:BOL BOL Bolivia (ISO Country code)
BOL Books Online
BOL Bole (SIL code, Nigeria)
BOL Bill Of Lading
BOL Beginning Of Line
BOL Best Of Luck
BOL Buzz Out Loud
BOL Bruin Online
BOL Beginning Of Life
) (TSE See Tokyo Stock Exchange.

TSE

1. See Tokyo Stock Exchange (TSE).

2. See Toronto Stock Exchange (TSE).
:BOL) is one of the leading mining and smelting companies in Europe with operations in Sweden, Finland, Norway and Ireland. Boliden's main products are copper, zinc, lead and gold and silver. Exploration and recycling of metals are also important within the company. The number of employees is approximately 4 500 and the turnover amounts to approximately EUR EUR

In currencies, this is the abbreviation for the Euro.

Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
 3.8 billion annually. Its shares are listed on Stockholmsb[?]rsen's Large Cap list and on the Toronto Stock Exchange Toronto Stock Exchange (TSE)

Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options.
 in Canada.

www.boliden.com

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Publication:Business Wire
Date:Dec 5, 2006
Words:195
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