Talvivaaran Kaivososakeyhtio Oyj Starts Co-operation Consultations in Connection with Planned Organizational Changes Potentially Resulting in Terminations of Employment and/or Temporary Lay-Offs

Talvivaaran Kaivososakeyhtio Oyj announced that the Company is planning organizational changes to support the Company's cost reduction and efficiency program. The planned changes may result in terminations of employment and/or temporary lay-offs and impact a maximum of 250 employees. The Company has invited representatives of employee groups to co-operation consultations in accordance with applicable law. All three corporate entities, Talvivaara Mining Company Plc, Talvivaara Sotkamo Ltd and Talvivaara Exploration Ltd, are within the scope of the consultations.