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2015-05-25

Talvivaaran Kaivososakeyhtiö Oyj: Voting report relating to Talvivaara's draft restructuring programme submitted to the District Court

Stock Exchange Release

Talvivaara Mining Company Plc

25 May 2015

Voting report relating to Talvivaara's draft restructuring programme submitted
to the District Court

Requisite support from the creditors received

The Administrator of the corporate restructuring proceedings of Talvivaara
Mining Company Plc ("Company") has today submitted a voting report to the
District Court of Espoo on the outcome of the creditors' voting procedure in
connection with the Company'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.

The Administrator's draft restructuring programme was supported by
approximately 97.5 percent of the creditors of unsecured debt participating
in the voting, and approximately 98 percent of the votes cast in the same
creditors' group. In total, creditors whose receivables represent over 53
percent of all known debts recognized for the purposes of the voting
procedure voted in favor of the draft restructuring programme. The requisite
support from the creditors set forth in the Restructuring of Enterprises Act
for the approval of the draft restructuring programme has thereby been
obtained, and the Administrator is not aware of any other barriers to
approval. Thus, the draft restructuring programme can in the Administrator's
opinion be approved under section 54 of the Restructuring of Enterprises Act.

The Administrator notifies the District Court separately once the Company has
fulfilled the special conditions set for the entry into force of the draft
restructuring programme.

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

Talvivaara's corporate restructuring proceeding 25.5.2015
http://hugin.info/136227/R/1923702/689866.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#1923702

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