Talvivaaran Kaivososakeyhtiö Oyj - Company Announcement

Talvivaara: Share Subscriptions by Pekka Perä, the CEO of Talvivaara

Stock Exchange Release
Talvivaara Mining Company Plc
4 April 2013

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO
THE  UNITED STATES, CANADA, AUSTRALIA,  HONG KONG, SOUTH AFRICA  OR JAPAN OR ANY
OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

                         Talvivaara Mining Company Plc

            Share Subscriptions by Pekka Perä, the CEO of Talvivaara

As  disclosed  in  the  shareholders'  circular  dated  14 February 2013 and the
prospectus  dated  12 March  2013 prepared  in  connection with the rights issue
announced  by  Talvivaara  on  8 March  2013, Pekka  Perä, the CEO of Talvivaara
Mining Company Plc, agreed to subscribe for 31,250,000 new shares (corresponding
to  a total subscription price  of EUR 5 million) and  such number of additional
new  shares at an aggregate  subscription price that is  equal to 76 per cent of
any  net proceeds received by  him from the sale  of (a) any subscription rights
and (b) any shares prior to the end of the subscription period.

Mr.  Perä has informed  Talvivaara that he  has today subscribed  for a total of
70 230 960 new shares in the rights issue at the subscription price of EUR 0.16
per  share, representing the total subscription commitment of EUR 5 million plus
the net proceeds raised by Mr. Perä through the sale of 1,892,225 shares and the
net amount of 44,560,000 subscription rights sold by Mr. Perä during the trading
period  in the subscription rights. Following these subscriptions, Mr. Perä owns
an aggregate of 124 603 895 shares in Talvivaara.

Enquiries

Talvivaara Mining Company Plc Tel +358 20 7129 800
Pekka Perä, Chief Executive Officer
Saila Miettinen-Lähde, Deputy CEO and CFO



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. Further information can be found
at www.talvivaara.com.


DISCLAIMER
The  information contained herein shall  not constitute an offer  to sell or the
solicitation  of an offer to buy, nor shall  there be any sale of the securities
referred to herein in any jurisdiction in which such offer, solicitation or sale
would  be  unlawful  prior  to  registration,  exemption  from  registration  or
qualification under the securities laws of any such jurisdiction. Investors must
neither  accept  any  offer  for,  nor  acquire,  any  securities  to which this
announcement refers, unless they do so on the basis of the information contained
in the applicable Prospectus published or distributed by Talvivaara.

The  information  contained  herein  is  not  for  publication  or distribution,
directly  or indirectly, in  or into the  United States, Canada, Australia, Hong
Kong,  South Africa or Japan. These written materials do not constitute an offer
of  securities for sale in the United  States, nor may the securities be offered
or  sold  in  the  United  States  absent  registration  or  an  exemption  from
registration as provided in the U.S. Securities Act of 1933, as amended, and the
rules  and regulations thereunder. There is no intention to register any portion
of  the  offering  in  the  United  States  or  to  conduct a public offering of
securities in the United States.

[HUG#1690267]

Attachments:

Share Subscriptions by Pekka Perä, the CEO of Talvivaara 4.4.2013.pdf