Talvivaaran Kaivososakeyhtiö Oyj - Company Announcement

Talvivaara Mining Company Plc: Flagging notification in accordance with Chapter 9 Section 5 of the Finnish Securities Market Act

Stock Exchange Release
Talvivaara Mining Company Plc
12 April 2013


  Flagging notification in accordance with Chapter 9 Section 5 of the Finnish
                             Securities Market Act


Talvivaara  Mining Company Plc  ("Talvivaara" or the  "Company") has on 11 April
2013 received  the attached flagging notification  in accordance with Chapter 9
Section  5 of  the  Finnish  Securities  Market  Act  regarding  the  shares  of
Talvivaara.  According to  the notification,  Ilmarinen Mutual Pension Insurance
Company  ("Ilmarinen")  has  on  11 April  2013 sold  its entire shareholding in
Talvivaara. In addition, Ilmarinen does not hold Talvivaara's convertible bonds.
Additionally,  Ilmarinen has on  11 April 2013 cancelled its  rights issue share
subscriptions  in  the  Company.  According  to  the  notification,  Ilmarinen's
ownership has declined to below one twentieth (below 5%).

Attachment:

 1. Name of target company

Talvivaara Mining Company Plc

2.      Basis for the flagging obligation
Share transactions and cancellation of rights issue subscription

 a. Date of transaction

11 April 2013

 a. Number of shares and voting rights preceding the triggering transaction


According  to the notification,  before the share  transactions and subscription
cancellation Ilmarinen owned Talvivaara's shares and voting rights as follows:
-       Shares (ISIN code FI0009014716) 1 824 631
-       Interim shares (ISIN code FI4000060967) 100 942 122

5.      Name of shareholder and business identification code
Ilmarinen Mutual Pension Insurance Company, business ID 0107638-1


Enquiries
Talvivaara Mining Company Plc Tel +358 20 7129 800
Pekka Perä, CEO
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.


[HUG#1692582]

Attachments:

Talvivaara - Holdings in Company 12.4.2013.pdf