Talvivaara Mining Company Plc: Decision of the district

Stock Exchange Release
Talvivaara Mining Company Plc
6 November 2014






     Decision of the district court on Talvivaara Sotkamo Ltd's bankruptcy
                                  application



The  district  court  of  Espoo  has  today  decided  to  declare  the operating
subsidiary  of Talvivaara Mining Company  Plc ("Talvivaara"), Talvivaara Sotkamo
Ltd.  ("Talvivaara Sotkamo") bankrupt upon Talvivaara Sotkamo's application. The
reorganization  proceedings of Talvivaara Sotkamo shall simultaneously cease.The
District  Court appointed Attorney-at-Law Mr. Jari Salminen from the law firm JB
Eversheds   Oy  as  the  estate  administrator  in  respect  of  the  bankruptcy
proceedings.

The  listed parent company  Talvivaara will provide  services for the bankruptcy
estate of Talvivaara Sotkamo and continue its operations for the time being with
the target of securing sufficient financing to acquire the mining operations and
associated assets and rights from the bankruptcy estate of Talvivaara Sotkamo.



Enquiries

Talvivaara Mining Company Plc Tel +358 20 7129 800

Pekka Perä, CEO

Pekka Erkinheimo, Deputy CEO




[HUG#1869594]

Talvivaara Mining Company Plc: Decision of the district court on Talvivaara Sotkamo Ltd's bankruptcy application

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