Talvivaara's Corp. Reorg.: District Court has granted an extension to the deadlines for submitting proposals for the reorganisation programmes

Stock Exchange Release
Talvivaara Mining Company Plc
21 May 2014



Talvivaara's Corporate Reorganisation

The District Court has granted an extension to the deadlines for submitting
proposals for the reorganisation programmes


The District Court of Espoo has granted an extension to the deadlines for
submitting the proposals for the respective reorganisation programmes of
Talvivaara Mining Company Plc ("Talvivaara" or the "Company") and its operating
subsidiary, Talvivaara Sotkamo Ltd, until 30 September 2014 as applied by the
court appointed corporate reorganisation Administrator. According to the prior
District Court ruling, the proposals for the reorganisation programmes were to
be submitted by 28 May 2014.

The Administrator and Talvivaara are engaged in discussions with potential
financing and industrial partners for a long-term financing solution for the
Talvivaara Group. Certain industrial and financial arrangements for the
continuation of operations of the Company and Talvivaara Sotkamo Ltd have
already been reached so that the restructuring programmes can be set up. The
extension was applied for as submission of the restructuring programme proposals
is not considered feasible until sufficient long-term financing has been
secured.



Enquiries
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 NV. Talvivaara is listed on the London Stock
Exchange Main Market and NASDAQ OMX Helsinki and is included in the FTSE 250
Index. Further information can be found at www.talvivaara.com.

District Court granted extension to submit proposals for reorg. prog.:
http://hugin.info/136227/R/1787695/613946.pdf



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Source: Talvivaaran Kaivososakeyhtiö Oyj via GlobeNewswire
[HUG#1787695]