Talvivaaran Kaivososakeyhtiö Oyj - Company Announcement

Talvivaara Mining Company Plc issues EUR 110 million bond

Stock Exchange Release

Talvivaara Mining Company Plc

28 March 2012





                     Talvivaara issues EUR 110 million bond


Talvivaara  Mining Company Plc  issues a EUR  110 million senior unsecured bond,
guaranteed  by Talvivaara  Sotkamo Ltd.  The 5-year  bond has  an issue price of
100%, pays a coupon of 9.75% and is callable after 3 years. The notes are issued
in  principal amounts  of EUR  1,000 with a  minimum subscription  amount of EUR
50,000. The  bond issue was sold to both Finnish and international institutional
and  private investors. An application will be  made to have the notes listed on
NASDAQ OMX Helsinki.

The  proceeds of the offering will be used for refinancing and general corporate
purposes.  Danske Markets and Nordea Markets  acted as joint bookrunners for the
transaction.


ENQUIRIES

Talvivaara Mining Company Plc Tel: +358 20 7129 800
Saila Miettinen-Lähde, Chief Financial Officer
Juho Rönni, Manager, Finance




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 at www.talvivaara.com.

Disclaimer

The  information contained in this release shall not constitute an offer to sell
or  the solicitation of an offer  to buy securities of Talvivaara Mining Company
Plc  in any  jurisdiction. In  particular, this  release does  not constitute an
offer  to  sell,  or  a  solicitation  of  offers  to purchase or subscribe for,
securities  in the  United States.   Any securities  referred to herein have not
been,  and will not be, registered under the Securities Act of 1933, as amended,
and  may  not  be  offered,  exercised  or  sold  in  the  United  States absent
registration or an applicable exemption from registration requirements.

[HUG#1597979]

Attachments:

Talvivaara issues EUR 110 million bond.pdf