Talvivaaran Kaivososakeyhtiö Oyj - Inside information

Status of Talvivaara's corporate reorganization

Stock Exchange Release
Talvivaara Mining Company Plc
23 March 2017



                Status of Talvivaara's corporate reorganization


Talvivaara  Mining Company  Plc ("Talvivaara"  or the  "Company") has today been
informed  by the administrator of  its corporate reorganization proceedings (the
"Administrator")  that the District Court of  Espoo has requested the Company to
give  a response in the matter concerning  the confirmation request filed to the
District  Court by the Administrator  on 6 March 2017. Concurrently, the Company
was  notified that Finnvera Plc, Nordea  Bank AB (Publ.), Finnish branch, Danske
Bank  Plc, OP  Corporate Bank  Plc and  Svenska Handelsbanken AB, Finnish branch
have  given  a  response  to  the  District  Court  where they have objected the
confirmation  of the  restructuring programme,  requesting the  cessation of the
corporate reorganization proceedings and placing the Company in bankruptcy.

The Company has also been informed that the representative of the Company's bond
holders  has filed a  response supporting the  confirmation of the restructuring
programme.

The  Company and  the Administrator  will give  their responses  to the District
Court of Espoo in due course. The Company's and Administrator's view is that the
Company has fulfilled the special conditions set for the entry into force of the
restructuring  programme,  as  they  were  approved  by  the  creditors  in  the
creditors' voting procedure. The Company anticipates the District Court of Espoo
to announce its decision in the matter in the next few weeks.


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

Castrén & Snellman Attorneys Ltd Tel +358 20 7765765
Administrator Pekka Jaatinen, Attorney-at-Law

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Attachments:

Status of Talvivaara's corporate reorganization 2017.pdf