Talvivaaran Kaivososakeyhtiö Oyj - Company Announcement

Talvivaara Share Subscriptions Based on Stock Options 2007A

Stock Exchange Release

Talvivaara Mining Company Plc

29 February 2012





          Talvivaara Share Subscriptions Based on Stock Options 2007A


A  total of 111,747 Talvivaara Mining Company  Plc.'s new shares were subscribed
for  during the period  between 31 December 2011 and  10 February 2012 under the
company's  stock  option  rights  2007A. The  entire  subscription  price of EUR
300,942.32 will  be entered  in the  invested unrestricted  equity reserve. As a
result  of the share subscriptions, the  number of Talvivaara Mining Company Plc
shares will increase to 246,002,250.

The  shares subscribed for under the stock  options were registered in the Trade
Register  on 29 February  2012, as of  which date  the new shares will establish
shareholder rights.

Trading  in  the  new  shares  will  begin  on  NASDAQ  OMX  Helsinki on 1 March
2012.Talvivaara will  also apply for  admission of the  shares to listing on the
official  list  of  the  United  Kingdom's  Financial  Services Authority and to
trading  on the main market of the London Stock Exchange and it is expected that
the admission will take place and that trading will commence on or about 5 March
2012.

The  share subscription period for stock  options 2007A is between 1 April 2010
and  31 March  2012. By  10 February  2012 a  total of 561,033 Talvivaara Mining
Company  Plc's  new  shares  were  subscribed  for under the stock option rights
2007A and a total of 1,772,067 stock option rights 2007A remain unexercised.

The  terms  and  conditions  of  Talvivaara  Stock  Options 2007 with additional
information are available on

www.talvivaara.com/share-options-plan

or

www.evli.com/web/FI/en/private-clients-and-companies/other-services
/incentive-programs/Talvivaara



ENQUIRIES

Talvivaara Mining Company Plc Tel: +358 20 7129 800
Pekka Erkinheimo, Chief Commercial Officer
Saila Miettinen-Lähde, Chief Financial Officer



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 and is  included in the FTSE 250
Index. Further information can be found atwww.talvivaara.com

[HUG#1589909]

Attachments:

Talvivaara Share Subscriptions Based on Stock Options 2007A.pdf