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2015-04-14

Talvivaaran Kaivososakeyhtiö Oyj: Talvivaara - Creditors' voting procedure for approval of Talvivaara's draft restructuring programme commences

Stock Exchange Release

Talvivaara Mining Company Plc

14 April 2015

Creditors' voting procedure for approval of Talvivaara's draft restructuring
programme commences

The District Court of Espoo has on 14 April 2015 given a decision to initiate
a creditors' voting procedure on the draft restructuring programme of
Talvivaara Mining Company Plc ("Company") in accordance with section 76 of
the Restructuring of Enterprises Act.

By voting, creditors can support or oppose the Administrator`s draft
restructuring programme. The approval of the draft restructuring programme
requires express support from the necessary number of creditors for the
Administrator`s draft restructuring programme. The entry into force of the
draft restructuring programme requires that the requisite number of creditors
have voted in support of the draft restructuring programme and that the
conditions set by the draft restructuring programme concerning the Company's
business operations and other conditions set by the law have been met. If the
requisite amount of votes supporting the draft restructuring programme is not
received, the Administrators draft restructuring programme cannot be
confirmed, which would likely lead to a bankruptcy of the Company.

The voting ends on 6 May 2015 at 4.15 pm (Finnish time), except for the voting
period for the convertible bond holders and the nominee-registered bond
holders that ends already on 4 May 2015 at 4.00 pm (Finnish time). The record
date for the bond holders will be 24 April 2015. More information about the
different voting methods and related deadlines will be made available at the
latest on 17 April 2015 on the Company's website
atwww.talvivaara.com/investors/corporate-reorganisation.

Enquiries

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

Talvivaara Mining Company Plc
Tel +358 20 7129 800
Pekka Perä, CEO
Pekka Erkinheimo, Deputy CEO

Talvivaaras restructuring programme status update 14.4.2015
http://hugin.info/136227/R/1910914/681647.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

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