Talvivaaran Kaivososakeyhtiö Oyj - Decisions of general meeting

Resolutions of Talvivaara Mining Company Plc Annual General Meeting

Stock Exchange Release

Talvivaara Mining Company Plc

15 June 2016



      Resolutions of Talvivaara Mining Company Plc Annual General Meeting



Talvivaara  Mining Company  Plc ("Talvivaara"  or the  "Company") is  pleased to
announce  that, at the  Annual General Meeting  of the Company  held at 11:00 am
(Finnish  time) today on 15 June 2015, all the resolutions proposed by the Board
of Directors and the Shareholders' Nomination Panel of the Company as set out in
the notice of the meeting dated 24 may 2016, were duly passed.

Talvivaara's  Annual  General  Meeting  approved  the  financial  statements and
discharged  the members of the Board of Directors and the CEO from liability for
the  financial year  2015. Annual General  Meeting resolved  that no dividend is
paid  for 2015 and that  the loss for  the financial period  is entered into the
Company's profit/loss account on the balance sheet.

The Board of Directors and the Auditor

As  proposed by the  Shareholders' Nomination Panel,  the Annual General Meeting
decided that the annual fee payable to the members of the Board of Directors for
the  term until  the close  of the  Annual General  Meeting in  2017 will not be
amended  and therefore be  as follows: Chairman  of the Board  of Directors: EUR
84,000/year and other Non-Executive Directors: EUR 48,000/year. The remuneration
of the Executive Director is included in his base salary, and it is not paid out
separately.  No additional fees shall be paid  for the Board Committee work, and
there will be no separate meeting fees payable for the Board and Board Committee
meetings.  The traveling  expenses shall  be reimbursed  in accordance  with the
Company's travel policy.

The Annual General Meeting decided that the number of Board members be four (4).
Mr. Tapani Järvinen, Mr. Pekka Perä, Mr. Stuart Murray and Ms. Solveig Törnroos-
Huhtamäki  were re-elected to the  Board in accordance with  the proposal by the
Nomination Panel.

It  was resolved that the auditor will  be reimbursed according to the auditor's
approved  invoice. The  authorised public  accountants PricewaterhouseCoopers Oy
was  elected  as  the  auditor  of  the  Company.  PricewaterhouseCoopers Oy has
confirmed  that the auditor with principal  responsibility will be APA, Mr. Juha
Wahlroos.

Resolution to amend the Articles of Association

The  Annual  General  Meeting  resolved  to  amend article 2§ of the Articles of
Association  of the Company  concerning the line  of business in accordance with
the proposal by the Board of Directors.

The  amended article  2§ of the  Articles of  Association concerning the line of
business reads as follows:

"The  line  of  business  of  the  Company  is  to  engage  in  ore exploration,
exploitation,  excavation and  other mining  activities and  in metals, machine,
chemical  and  construction  industries  and  any business activities supporting
them.  The Company may also engage in  the business operations based on know-how
acquired  in aforementioned sectors  or related to  or compatible with them. The
Company   may  operate  either  directly  or  through  subsidiaries,  associated
companies or joint ventures."





Enquiries

Talvivaara Mining Company Plc Tel +358 20 7129 800

Pekka Perä, CEO

Pekka Erkinheimo Deputy CEO




[HUG#2020845]

Attachments:

Resolutions of Talvivaara Mining Co. Plc. AGM 2016.pdf