Talvivaaran Kaivososakeyhtiö Oyj - Company Announcement

Talvivaara share subscriptions based on stock options 2007A

Stock Exchange Release

Talvivaara Mining Company Plc

19 January 2012



Talvivaara share subscriptions based on stock options 2007A

Talvivaara  Mining Company Plc's  100,000 new shares were  subscribed for on 15
July 2011 and 8,700 company's new shares were subscribed for on 1 November 2011
under  the company's stock option  rights 2007A.The entire subscription price of
EUR  277,826.07will be entered in the invested unrestricted equity reserve. As a
result  of the share subscriptions, the number of Talvivaara Mining Company Plc.
shares will increase to 245,890,503.

The  shares subscribed for under the stock  options were registered in the Trade
Register  on 19 January  2012, as of  which date  the new  shares will establish
shareholder rights.

Trading  in  the  new  shares  will  begin  on NASDAQ OMX Helsinki on 20 January
2012.Talvivaara will  also apply for  admission of the  shares to listing on the
official  list  of  the  United  Kingdom's  Financial  Services Authority and to
trading  on the main market of the London Stock Exchange and it is expected that
the  admission will take  place and that  trading will commence  on or about 24
January 2012.

The  share subscription period for stock  options 2007A is between 1 April 2010
and  31 March 2012.  By  30 December 2011 a  total of  449,286 Talvivaara Mining
Company  Plc's  new  shares  were  subscribed  for under the stock option rights
2007A and a total of 1,883,814 stock option rights 2007A remain unexercised.

The  terms  and  conditions  of  Talvivaara  Stock  Options 2007 with additional
information are available on

www.talvivaara.com/investors/financial_information/share-options-plan
or
www.evli.com/web/FI/en/private-clients-and-companies/other-services/incentive-
programs/Talvivaara


ENQUIRIES
Talvivaara Mining Company Plc Tel: +358 20 7129 800
Pekka Erkinheimo, Chief Commercial Officer
Saila Miettinen-Lähde, Chief Financial 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  and is included in the FTSE- 250
index. Further information can be found at www.talvivaara.com.

[HUG#1578698]

Attachments:

Talvivaara share subscriptions based on stock options 2007A.pdf