Talvivaara Mining Company Plc: Talvivaara's corporate reorganisation proceeds

Stock Exchange Release
Talvivaara Mining Company Plc
17 January 2014


Talvivaara's corporate reorganisation proceeds

The District Court of Espoo has today given its ruling on certain deadlines
relevant for Talvivaara Mining Company Plc ("Talvivaara") and Talvivaara Sotkamo
Ltd's ("Talvivaara Sotkamo") corporate reorganisations, which commenced on 29
November 2013 and 17 December 2013, respectively. According to the ruling,
reports on the financial status of both companies have to be compiled by 28
March 2014, and proposals for the respective reorganisation programmes by 28 May
2014.

For the corporate reorganisations of Talvivaara and Talvivaara Sotkamo, the
District Court of Espoo has also appointed creditor committees, which act as the
joint representatives of the creditors in the proceedings. Various creditor
groups, including secured creditors, other debt financiers, as well as business
partners and subcontractors essential for the operations of both companies, are
represented in the committees. The creditor committees of Talvivaara and
Talvivaara Sotkamo have the same composition.




Enquiries

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

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

Talvivaara’s corporate reorganisation proceeds 17.1.14:
http://hugin.info/136227/R/1755457/592729.pdf



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Source: Talvivaaran Kaivososakeyhtiö Oyj via GlobeNewswire
[HUG#1755457]