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Talvivaaran Kaivososakeyhtiö Oyj: Talvivaara Mining Company Plc Corporate Reorganization Progresses

Stock exchange release
Talvivaara Mining Company Plc
14 April 2014

Talvivaara's corporate reorganization progresses

Reports on the financial status completed

The reports on the financial status of Talvivaara Mining Company Plc (the
"Company" or "Talvivaara") and its operative subsidiary, Talvivaara Sotkamo
Ltd, have been completed by the administrator of the corporate
reorganization. According to the administrator, an executable restructuring
programme can be set up for both the Company and for Talvivaara Sotkamo Ltd,
provided that financing solutions for an interim period and for the longer
term are achieved. As previously announced, the Companytogether with the
administrator continues active discussions for securing the additional
financing and has already entered into an agreement with Nyrstar Sales and
Marketing AG ("Nyrstar") on a loan facility of up to 20 million euros and,
subject to securing the long term financial solution, an option to enter into
a streaming holiday from the zinc streaming agreement. During the streaming
holiday the Company would sell the zinc concentrate to Nyrstar at market
terms, which would have a significant additional financing impact to


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

Talvivaara's corporate reorganisation proceeds 14.4.2014


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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