Stock Exchange Release Talvivaara Mining Company Plc 15 August 2013 Correction: Talvivaara Mining Company Interim Report for January-June 2013 Correction to Talvivaara Mining Company Interim Report for January-June 2013 published on 15 August 2013. The Interim Report for January-June 2013 incorrectly states on page 1 in the Key Figures table that the Profit (loss) figure for the period was positive. Talvivaara Mining Company's Profit (loss) figure for the period was negative. In addition, the Key Figures table incorrectly states that the number of employees at the end of the period Q2 2012 was 505. The correct number of employees at the end of the period Q2 2012 is 595. The corrected Key Figures table is as follows: Key Figures -------------------------------------------------------------------------------- EUR million Q2 Q2 Q1-Q2 Q1-Q2 FY 2013 2012 2013 2012 2012 -------------------------------------------------------------------------------- Net sales 13.0 33.4 40.6 72.5 142.9 -------------------------------------------------------------------------------- Operating profit (loss) (23.9) (10.9) (43.8) (22.3) (83.6) -------------------------------------------------------------------------------- % of net sales (183.3%) (32.5%) (107.9%) (30.8%) (58.5)% -------------------------------------------------------------------------------- Profit (loss) for the period (27.6) (17.5) (51.5) (32.4) (103.9) -------------------------------------------------------------------------------- Earnings per share, EUR (0.03) (0.06) (0.06) (0.12) (0.38) -------------------------------------------------------------------------------- Equity-to-assets ratio 37.0% 28.9% 37.0% 28.9% 24.3% -------------------------------------------------------------------------------- Net interest bearing debt 409.5 475.6 409.5 475.6 563.8 -------------------------------------------------------------------------------- Debt-to-equity ratio 81.2% 125.8% 81.2% 125.8% 183.3% -------------------------------------------------------------------------------- Capital expenditure 15.3 20.7 32.6 35.3 97.5 -------------------------------------------------------------------------------- Cash and cash equivalents at the end 101.1 128.7 101.1 128.7 36.1 of the period -------------------------------------------------------------------------------- Number of employees at the end of the 673 595 673 595 588 period -------------------------------------------------------------------------------- All reported figures in this release are unaudited. The corrected Interim Report for January-June 2013 can be found on Talvivaara's website www.talvivaara.com/financial-reports and is attached as a PDF file to this Stock Exchange Release. Enquiries Talvivaara Mining Company Plc Tel +358 20 7129 800 Pekka Perä, CEO Saila Miettinen-Lähde, Deputy CEO and CFO 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. Further information can be found at www.talvivaara.com. [HUG#1723317]
Correction: Talvivaara Mining Company Interim Report for January-June 2013
| Source: Talvivaaran Kaivososakeyhtiö Oyj