Talvivaaran Kaivososakeyhtiö Oyj - Company Announcement

Talvivaara - Creditors' voting procedure for approval of Talvivaara's draft restructuring programme commences

Stock Exchange Release
Talvivaara Mining Company Plc
14 April 2015



  Creditors' voting procedure for approval of Talvivaara's draft restructuring
                              programme commences


The  District Court of Espoo has on 14 April 2015 given a decision to initiate a
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.

By   voting,   creditors   can  support  or  oppose  the  Administrator`s  draft
restructuring  programme.  The  approval  of  the  draft restructuring programme
requires  express  support  from  the  necessary  number  of  creditors  for the
Administrator`s draft restructuring programme. The entry into force of the draft
restructuring  programme requires  that the  requisite number  of creditors have
voted  in support of  the draft restructuring  programme and that the conditions
set  by  the  draft  restructuring  programme  concerning the Company's business
operations  and other conditions set by the  law have been met. If the requisite
amount  of votes supporting  the draft restructuring  programme is not received,
the  Administrators  draft  restructuring  programme  cannot be confirmed, which
would likely lead to a bankruptcy of the Company.

The  voting ends on 6 May 2015 at 4.15 pm  (Finnish time), except for the voting
period  for the convertible bond holders and the nominee-registered bond holders
that  ends already on 4 May 2015 at 4.00 pm  (Finnish time). The record date for
the  bond holders  will be  24 April 2015. More  information about the different
voting methods and related deadlines will be made available at the latest on 17
April  2015 on the Company's  website at www.talvivaara.com/investors/corporate-
reorganisation.

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#1910914]

Attachments:

Talvivaaras restructuring programme status update 14.4.2015.pdf