Talvivaaran Kaivososakeyhtiö Oyj - Company Announcement

The creditors' voting procedure for Talvivaara's draft restructuring programme completed

Stock Exchange Release
Talvivaara Mining Company Plc
7 May 2015





 The creditors' voting procedure for Talvivaara's draft restructuring programme
                                   completed

        The Administrator's proposal strongly supported by the creditors



The  creditors'  voting  procedure  on  the  draft  restructuring  programme  of
Talvivaara  Mining Company Plc ("Company") in  accordance with section 76 of the
Restructuring  of Enterprises Act has been completed on 6 May 2015. The approval
of  the draft restructuring programme requires  support from the creditors whose
receivables  amount  to  at  least  ca.  105 million  euros  in  aggregate.  The
Administrator  has tentatively informed the Company that the draft restructuring
programme  has been supported by creditors whose receivables amount to more than
270 million  euros  in  aggregate.  The  number  of creditors voting against the
proposal  has been limited and the aggregate  amount of the receivables of these
creditors is ca. 5 million euros. Thus, the requisite amount of votes supporting
the  draft restructuring  programme has  been received.  The exact number of the
supporting  votes is to be confirmed during next couple of days, but the view of
the  Company and the Administrator  is that this will  not affect the outcome of
the  voting. The Administrator  will prepare a  voting report by 25 May 2015 and
file it with the District Court.

The  entry into force of the  draft restructuring programme requires in addition
that  the special conditions set by the draft restructuring programme concerning
the  Company's business operations and other conditions set by the law have been
met.


Enquiries
Pekka Jaatinen, Attorney-at-Law Tel +358 20 7765 765
Castrén & Snellman Attorneys Ltd


Talvivaara Mining Company Plc Tel +358 20 7129 800
Pekka Perä, CEO
Pekka Erkinheimo, Deputy CEO



[HUG#1919658]

Attachments:

Talvivaara s corporate restructuring proceeding 7.5.2015.pdf