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2013-04-04 14:49:27 CEST 2013-04-04 14:50:10 CEST REGULATED INFORMATION Talvivaaran Kaivososakeyhtiö Oyj - Company AnnouncementTalvivaara: Share Subscriptions by Pekka Perä, the CEO of TalvivaaraStock Exchange Release Talvivaara Mining Company Plc 4 April 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 Plc Share Subscriptions by Pekka Perä, the CEO of Talvivaara As disclosed in the shareholders' circular dated 14 February 2013 and the prospectus dated 12 March 2013 prepared in connection with the rights issue announced by Talvivaara on 8 March 2013, Pekka Perä, the CEO of Talvivaara Mining Company Plc, agreed to subscribe for 31,250,000 new shares (corresponding to a total subscription price of EUR 5 million) and such number of additional new shares at an aggregate subscription price that is equal to 76 per cent of any net proceeds received by him from the sale of (a) any subscription rights and (b) any shares prior to the end of the subscription period. Mr. Perä has informed Talvivaara that he has today subscribed for a total of 70 230 960 new shares in the rights issue at the subscription price of EUR 0.16 per share, representing the total subscription commitment of EUR 5 million plus the net proceeds raised by Mr. Perä through the sale of 1,892,225 shares and the net amount of 44,560,000 subscription rights sold by Mr. Perä during the trading period in the subscription rights. Following these subscriptions, Mr. Perä owns an aggregate of 124 603 895 shares in Talvivaara. 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#1690267] |
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