Talvivaara Mining Company Plc: an Exemption from the Publication of its January - September 2014 Interim Report

Stock Exchange Release
Talvivaara Mining Company Plc
24 November 2014




        Talvivaara has received an exemption from the publication of its
                    January - September 2014 interim report

Talvivaara  Mining Company  Plc ("Talvivaara"  or the  "Company") applied for an
exemption  from the publication  of its January  - September 2014 interim report
following  the  filing  for  bankruptcy  by  its operating subsidiary Talvivaara
Sotkamo  Ltd  ("Talvivaara  Sotkamo")  on  6 November  2014. As  a result of the
bankruptcy,  the Company lost  control over Talvivaara  Sotkamo, which therefore
can  no longer  be presented  as part  of the  Talvivaara Group on going concern
basis.

Talvivaara  has today received from  the Finnish Financial Supervisory Authority
("FFSA")  an exemption  from the  publication of  its January  - September 2014
interim  report  on  the  basis  of  Chapter  7, Section 18, Subsection 2 of the
Finnish  Securities Markets  Act. When  making its  decision, the  FFSA has also
considered  the directive (2013/50/EU) amending the directive 2004/109/EY, which
is  in force since 27 November 2013 and does no longer require publication of an
interim  management  statement  or  an  interim  report  for the first and third
quarters  of a year. Further,  the FFSA has noted  that trading in the Company's
share  on the Helsinki stock exchange  has been suspended since 6 November 2014
and  that, in its view, reliable pricing  of the share, which is a pre-requisite
for  the trading  to resume,  cannot occur  until the  uncertainties relating to
Talvivaara's  ability to continue its operations have been solved and sufficient
information  on  going  concern  and  the  Company's  financial  status has been
announced.

The  FFSA has  granted the  exemption on  the condition  that Talvivaara will no
later  than on 30 November 2014 publish a  general description of the results of
its  operations and financial  position and the  development of these during the
period  from  1 January  2014 until  the  publication  of  said  description, as
required  by  Chapter  7, Section  14, Subsection  3 of  the  Finnish Securities
Markets  Act. The report shall also include a description of the material events
and transactions occurred during the reporting period and the effect of these on
the  financial position of the Company. In addition to said contents required by
the  Securities Market  Act, the  FFSA has  requested that the announcement also
contain  information on the factors impacting  the Company's ability to continue
its  operations (going concern), significant  near term risks and uncertainties,
an  estimate of significant off-balance sheet  liabilities, a description of how
the  bankruptcy of  Talvivaara Sotkamo  has influenced  the relationship between
Talvivaara  and Talvivaara  Sotkamo and  the Company's  financial status,  and a
description  of the business relationship  between Talvivaara and the bankruptcy
estate of Talvivaara Sotkamo.

On  the basis of the  rules of the stock  exchange, a similar exemption has been
granted by NASDAQ OMX Helsinki Ltd.

Talvivaara  has  previously  announced  that  it  would  publish  its  January -
September  2014 interim report on 26 November 2014. Following the exemption, the
Company  will instead  publish a  report in  accordance with the requirements of
Chapter  7, Section 14, Subsection 3 of  the Finnish Securities  Markets Act and
the specific requirements of the FFSA on 28 November 2014.





Enquiries

Talvivaara Mining Company Plc                                      Tel
+358 20 7129 800
Pekka Perä, CEO
Saila Miettinen-Lähde, CFO





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