Talvivaaran Kaivososakeyhtiö Oyj - Company Announcement

Talvivaara: The District Court has given its ruling on the criminal case concerning water discharges of the Sotkamo mine

Stock Exchange Release
Talvivaara Mining Company Plc
13 May 2016



 The District Court has given its ruling on the criminal case concerning water
                       discharges of the Sotkamo mine


Talvivaara Mining Company Plc ("Talvivaara" or "Company") has been informed that
today  the District Court of Kainuu ("the  District Court") has given its ruling
on  the case concerning the gypsum pond leakages of the Sotkamo mine in November
2012 and  April  2013 and  the  sodium,  sulphate  and manganese discharges that
exceeded  the anticipated  amounts stated  in the  original environmental permit
application  of the  Sotkamo mine.  Originally the  charges were brought against
four members of Talvivaara's management, including CEO Pekka Perä and former CEO
Harri  Natunen. The  charges concern  aggravated impairment  of the environment.
Harri Natunen has not been employed by the Company since the autumn of 2015.

The  case concerning the  discharge of raffinate  from the metals recovery plant
and  dilute secondary heap solutions into the  open pit during the period of 19
December  2013 - 31 January 2014 was  handled together with  the above mentioned
case.  The charges  were brought  against CEO  Pekka Perä  for impairment of the
environment.

The  District Court dismissed the charge concerning aggravated impairment of the
environment   and  moderated  the  type  of  the  crime  to  impairment  of  the
environment.  Penalties in the form of a  fine were imposed on Pekka Perä, Harri
Natunen  and the  former chief  operations officer  of the  mine, who  acts as a
member  of  the  Executive  Committee  of  the Company. The prosecutor's demands
concerning a suspended prison sentence and compensation for the benefit obtained
from the crime were dismissed in relation to the private defendants. All charges
were  dismissed in relation to the  fourth defendant. The charges concerning the
discharge  of raffinate from the metals recovery plant and dilute secondary heap
solutions into the open pit made against Pekka Perä were dismissed.

A  corporate fine and compensation  for the benefit obtained  from the crime was
imposed  on  Talvivaara  Sotkamo  Ltd,  represented  by the bankruptcy estate of
Talvivaara  Sotkamo Ltd. Talvivaara Mining  Company Plc has not  been a party to
the court case.

The decision is not yet final and binding and the parties may appeal the case to
the  Court of Appeal. The  Company and the parties  of the case will continue to
assess the decision.


Enquiries

Pekka   Erkinheimo,   Deputy   CEO,   Talvivaara   Mining   Company   Plc.  Tel.
+358 20 7129 800
Markus Kokko, Attorney, Borenius Attorneys Ltd, Tel. + 358 20 713 33



[HUG#2012644]

Attachments:

District Court ruling on the environmental case.pdf