Talvivaaran Kaivososakeyhtiö Oyj - Company Announcement

Talvivaara CEO Mr. Pekka Perä, Explores Potential Sales of Shares and Subscription Rights

Stock Exchange Release
Talvivaara Mining Company Plc
20 March 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, CEO Mr.Pekka Perä, Explores Potential Sales of Shares
                            and Subscription Rights

As  disclosed  in  the  shareholders'  circular  dated  14 February 2013 and the
prospectus dated 12 March 2013, Pekka Perä, the CEO of Talvivaara Mining Company
Plc,  has agreed to  attempt to raise  funds through borrowing,  the sale of his
shares,  the sale of subscription rights allocated to him, or by other means, in
order  to subscribe for new  shares in excess of  his pre-existing commitment to
subscribe  EUR 5 million worth  of new shares  at the subscription  price in the
rights  issue announced  by Talvivaara  on 8 March  2013. Mr. Perä  has informed
Talvivaara  that  he  continues  to  explore  a range of alternatives, including
selling shares or subscription rights into the market.

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#1686773]

Attachments:

CEO Pekka Perä, Explores Potential Sales of Shares&Subscription Rights.pdf