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Composition of Talvivaara's Nomination Panel and time schedule of its proposals to be made to the General Meeting

Composition of Talvivaara's Nomination Panel

Stock Exchange Release

Talvivaara Mining Company Plc

12 April 2017

Composition of Talvivaara's Nomination Panel and time schedule of its proposals to be made to the General Meeting

Talvivaara Mining Company Plc's ("Talvivaara" or the "Company") Shareholders' Nomination Panel prepares proposals for the election and remuneration of the members of the Board of Directors to the General Meeting.

Following the annual organizational meeting of the Panel held today, the composition of the Nomination Panel is the following:

  • Pauli Anttila, Investment Manager, nominated by Solidium Oy
  • Tommi Mäkelä, Investment Manager, nominated by Pharmacy Pension Fund
  • Pekka Perä, CEO of Talvivaara, as a shareholder of the Company
  • Tapani Järvinen, Chairman of the Board of Directors of Talvivaara
  • Solveig Törnroos-Huhtamäki, a member of Talvivaara's Board of Directors and Chairman of the Audit Committee

According to the charter of the Panel, four members shall represent the four shareholders who on the last working day of September preceding the Annual General Meeting represent the largest number of votes of all shares in the Company. However, according to the charter, should a shareholder cease to be amongst the ten largest shareholders of the Company, the appointed representative of such shareholder shall resign. Due to the conversion issue executed in accordance with the restructuring programme of the Company, the composition of the ten largest shareholders changed substantially at the beginning of 2017. The seats vacated due to the conversion issue were offered to the shareholders among the ten largest shareholders as per the end of February 2017. Three members of the Panel have been nominated by the shareholders among the ten largest shareholders of the Company.

The organizational meeting of the Nomination Panel elected Pauli Anttila to act as the chairman of the Panel.

According to the charter of the Panel, the Panel shall submit its proposals to the Board of Directors at the latest on 15 March preceding the Annual General Meeting ("AGM") taking, however, into account the meeting and announcement schedules notified by the Company. The AGM of the Company has been provisionally scheduled for 15 June 2017. The Panel shall submit its proposals by the time the AGM notice will be published.

Enquiries

Pauli Anttila, Chairman of the Panel, Solidium Oy, Tel. +358 10 830 8909