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2016-05-13

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

District Court ruling on the environmental case
http://hugin.info/136227/R/2012644/745694.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Talvivaaran Kaivososakeyhtiö Oyj via Globenewswire

HUG#2012644

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