Talvivaaran Kaivososakeyhtiö Oyj - Company Announcement

Talvivaara Mining Company Plc - Share Subscriptions Based on Conversion of the Convertible Bonds

Stock Exchange Release

Talvivaara Mining Company Plc

14 January 2016





        Share Subscriptions Based on Conversion of the Convertible Bonds

In  2010 Talvivaara Mining Company Plc  ("Talvivaara") issued EUR 225 million in
senior  unsecured  convertible  bonds  (the  "Bonds"). The extraordinary general
meeting of shareholders of Talvivaara held on 27 January 2011 approved the issue
of special rights in respect of the Bonds.

Talvivaara  has received conversion notices pursuant to which Bonds amounting to
in aggregate EUR 21,100,000 are converted to a total of 9,336,276 new Talvivaara
shares  (the "Conversion Shares"). As  a result of the  conversion of the Bonds,
the  total  number  of  Talvivaara's  shares  will  increase  to  2,108,154,152
(including  192,883,000 shares held in treasury by  the Company not carrying any
voting  rights). The Conversion Shares were  registered in the Trade Register on
14 January  2016, as of which date the  Conversion Shares will carry shareholder
rights.  The Conversion Shares  will be listed  on NASDAQ OMX  Helsinki Ltd (the
"Helsinki  Stock  Exchange")  from  15 January  2016. Trading  in the Talvivaara
shares  on the Helsinki Stock Exchange has been suspended since 6 November 2014
and trading in Talvivaara shares, including the Conversion Shares, will continue
to be suspended.



Enquiries

Talvivaara Mining Company Plc Tel: +358 20 712 9800

Pekka Perä, CEO
Pekka Erkinheimo, Deputy CEO

[HUG#1978805]

Attachments:

Share Subscriptions Based on Conversion of Convertible Bonds 14.1.2016.pdf