Talvivaaran Kaivososakeyhtiö Oyj - Company Announcement

Voting report relating to Talvivaara's draft restructuring programme submitted to the District Court

Stock Exchange Release
Talvivaara Mining Company Plc
25 May 2015





 Voting report relating to Talvivaara's draft restructuring programme submitted
                             to the District Court

                 Requisite support from the creditors received



The  Administrator  of  the  corporate  restructuring  proceedings of Talvivaara
Mining  Company  Plc  ("Company")  has  today  submitted  a voting report to the
District  Court of Espoo  on the outcome  of the creditors'  voting procedure in
connection  with  the  Company'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.

The Administrator's draft restructuring programme was supported by approximately
97.5 percent of the creditors of unsecured debt participating in the voting, and
approximately  98 percent of  the votes  cast in  the same  creditors' group. In
total,  creditors whose receivables represent over 53 percent of all known debts
recognized  for the purposes of the voting procedure voted in favor of the draft
restructuring  programme. The requisite support from  the creditors set forth in
the Restructuring of Enterprises Act for the approval of the draft restructuring
programme  has thereby been obtained, and the  Administrator is not aware of any
other  barriers to approval. Thus, the  draft restructuring programme can in the
Administrator's  opinion be  approved under  section 54 of  the Restructuring of
Enterprises Act.

The  Administrator notifies the  District Court separately  once the Company has
fulfilled  the special  conditions set  for the  entry into  force of  the draft
restructuring programme.


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#1923702]

Attachments:

Talvivaara s corporate restructuring proceeding 25.5.2015.pdf