Talvivaaran Kaivososakeyhtiö Oyj - Company Announcement

Talvivaara: Terrafame has received the Administrative Court decision on the discharge pipeline

Stock Exchange Release
Talvivaara Mining Company Plc
28 April 2016



   Terrafame has received the Administrative Court decision on the discharge
                                    pipeline


Talvivaara  Mining Company Plc  ("Talvivaara") has been  informed that Terrafame
has  received today Vaasa Administrative Court  rulings which include a decision
on  the Nuasjärvi discharge pipeline. The Vaasa Administrative Court allowed the
usage of Terrafame's discharge pipeline, but set some restrictions for the water
discharges.

Talvivaara  announced on 28 January  2016 that it has  signed a letter of intent
with  the Terrafame entities. In the letter of intent, the parties provisionally
agreed on the essential terms and conditions for the sale of Talvivaara's assets
related  to the Sotkamo mining operations to Terrafame.The arrangement under the
letter  of intent is conditional on, amongst others, a favorable decision by the
Vaasa  Administrative  Court  on  Nuasjärvi  discharge  pipeline,  enabling  the
continuance of Terrafame's mining operations.

Talvivaara and Terrafame will continue to assess the decision and its effects on
the contemplated arrangement concerning the sale of Talvivaara's assets relating
to  the  Sotkamo  mining  operations.  Talvivaara  will inform the market in due
course  once the  effects of  the ruling  relating to  the arrangement under the
letter of intent are known.

Even  though  the  condition  precedent  relating  to  the Terrafame's Nuasjärvi
discharge  pipeline would be removed, there  is no guarantee that Talvivaara and
Terrafame  entities  will  eventually  be  able   to  successfully  agree on the
detailed  contracts required by the arrangement or successfully complete them in
their entirety.



Enquiries

Talvivaara Mining Company Plc. Tel. +358 20 7129 800

Pekka Perä, CEO
Pekka Erkinheimo, Deputy Ceo

[HUG#2007691]

Attachments:

Terrafame has received the Vaasa Administrative Court decision.pdf