Talvivaara Mining Company Plc: Corporate reorganisation of Talvivaara Sotkamo Ltd commences

Stock exchange release
Talvivaara Mining Company Plc
17 December 2013



Corporate reorganisation of Talvivaara Sotkamo Ltd commences


Talvivaara Mining Company Plc announces that, as the requisite support from the
creditors was reached, the district court of Espoo has today taken the decision
to commence the corporate reorganisation process in respect of its operational
subsidiary, TalvivaaraSotkamo Ltd. The corporate reorganisation process of
Talvivaara Mining Company Plc commenced on 29 November 2013.

The district court of Espoo has appointed Mr. Pekka Jaatinen, Attorney-at-Law,
from Castrèn & Snellman Attorneys as the administrator in respect of the
corporate reorganisation of Talvivaara Sotkamo Ltd. Mr. Jaatinen also acts as
the administrator of Talvivaara Mining Company Plc

CEO Pekka Perä comments: "The decision by the district court of Espoo to
commence the reorganisation process of Talvivaara Sotkamo was as expected and it
clarifies the situation and improves our operational preconditions going
forward. With the reorganization process now beginning, we can also continue our
metals production, which re-commenced last week after a one month stoppage of
our metals recovery plant. Re-start of the plant went according to plan and the
leaching of new ore is also proceeding as anticipated."



Enquiries

Talvivaara Mining Company Plc Tel +358 20 7129 800
Pekka Perä, CEO
Saila Miettinen-Lähde, Deputy CEO and CFO

Pekka Jaatinen, Attorney-at-Law Tel. +358 20 7765 765
Castrén & Snellman Attorneys Ltd



Talvivaara Mining Company Plc
Talvivaara Mining Company is an internationally significant base metals producer
with its primary focus on nickel and zinc using a technology known as
bioheapleaching to extract metals out of ore. Bioheapleaching makes extraction
of metals from low grade ore economically viable. The Talvivaara deposits
comprise one of the largest known sulphide nickel resources in Europe. The ore
body is estimated to support anticipated production for several decades.
Talvivaara has secured a 10-year off-take agreement for 100 per cent of its main
output of nickel and cobalt to Norilsk Nickel and entered into a long-term zinc
streaming agreement with Nyrstar. Talvivaara is listed on the London Stock
Exchange Main Market and NASDAQ OMX Helsinki. Further information can be found
at www.talvivaara.com.

Corporate reorganisation of Talvivaara Sotkamo Ltd commences 17.12.13:
http://hugin.info/136227/R/1750373/589796.pdf



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Source: Talvivaaran Kaivososakeyhtiö Oyj via GlobeNewswire
[HUG#1750373]