Talvivaaran Kaivososakeyhtiö Oyj - Company Announcement

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

Stock Exchange Release
Talvivaara Mining Company Plc.
14 February 2013


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


Talvivaara  Mining Company  Plc ("Talvivaara")  has on 14 February 2013 received
the attached flagging notification in accordance with Chapter 9 Section 5 of the
Finnish  Securities  Market  Act  from  Solidium  Oy  regarding  the  shares  of
Talvivaara.  Solidium Oy  has in  connection with  the share issue of Talvivaara
announced  on 14 February 2013 committed to subscribe  in full for new shares on
the  basis of the subscription rights allocated  to it. In addition, Solidium Oy
has  agreed  to  subscribe  for  shares  in  the secondary subscription up to an
aggregate  subscription price of  EUR 30 million. Solidium  Oy's maximum holding
following the share issue will be determined in accordance with the terms of the
rights  issue. The maximum holding of the shares is based on the estimates given
by the underwriting banks.

If the above mentioned arrangements are completed, the holdings of Solidium Oy
will increase to a maximum of 18.1 % of shares and voting rights (above 10 % &
15 %).

Attachment:

 1. Name of the target company

Talvivaara Mining Company Plc

 2. Basis for the flagging obligation

An arrangement which may result in the acquisition or disposal of shares or
voting rights

 3. Date transaction

14 February 2013

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

24,210,053 shares and voting rights

Amount of the shares and voting rightsthat may be acquired if the arrangement is
completed:
Maximum 18.1 %

 5. Name of shareholder and business identification code

Solidium Oy, Business ID 2245475-9


Enquiries

Talvivaara Mining Company Plc. Tel: +358 20 7129 800
Saila Miettinen-Lähde, Deputy CEO and Chief Financial Officer
Pekka Erkinheimo, Chief Commercial 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. Further information can be found
at www.talvivaara.com.

[HUG#1678365]

Attachments:

Talvivaara - Holdings in Company 14.2.2013.pdf