Talvivaaran Kaivososakeyhtiö Oyj - Inside information

Status of Talvivaara's corporate reorganization - Banks requested cancellation of the bankruptcy application

Stock Exchange Release
Talvivaara Mining Company Plc
29 March 2017



                Status of Talvivaara's corporate reorganization

      The banks have requested cancellation of the bankruptcy application


Talvivaara  Mining Company  Plc ("Talvivaara"  or the  "Company") has today been
informed  that Finnvera Plc, Nordea Bank AB (Publ.), Finnish branch, Danske Bank
Plc,  OP  Corporate  Bank  Plc  and  Svenska  Handelsbanken  AB,  Finnish branch
("Banks")  have requested the cancellation of the bankruptcy matter initiated at
the  District Court of  Espoo on 22 March  2017. The cancellation request has no
effect   on  the  Banks'  requests  for  the  cessation  of  the  reorganization
proceedings  or  on  their  objection  to  the confirmation of the restructuring
programme.

The proceedings regarding the confirmation request filed by the Administrator on
6 March  2017 continue at the  District Court of  Espoo. The Company anticipates
the District Court 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:

Talvivaara - Banks requested cancellation of bankruptcy application.pdf