Talvivaaran Kaivososakeyhtiö Oyj - Company Announcement

Talvivaara Share Subscription Schedule 2012 under Talvivaara Stock Options

Stock Exchange Release

Talvivaara Mining Company Plc

9 February 2012




        Share Subscription Schedule 2012 under Talvivaara Stock Options


The  shares subscribed for under Stock  Options 2007 during 2012 are expected to
be  registered in the  Trade Register and  listed on NASDAQ  OMX Helsinki on the
following target dates:

Share subscription  Entry into the Trade New shares tradable
deadline            Register on or about on or about
------------------------------------------------------------
10 February 2012 29 February 2012     1 March 2012

   31 March 2012    20 April 2012    23 April 2012

   23 April 2012      11 May 2012      14 May 2012

     4 June 2012     21 June 2012     25 June 2012

  10 August 2012   29 August 2012   30 August 2012

 2 November 2012 21 November 2012 22 November 2012



Shares will establish shareholders rights as of the date of share registration.

The  Stock  Options  2007 entitle  their  holders  to  subscribe  a  maximum  of
6,999,300 new  shares in the  Company. The Stock  Options 2007 have been divided
into  series 2007A, 2007B and  2007C. The share  subscription periods  for Stock
Options 2007 are the following:

  * 2007A: 1 April 2010 - 31 March 2012
  * 2007B: 1 April 2011 - 31 March 2013
  * 2007C: 1 April 2012 - 31 March 2014


The  share subscription prices per share with the option rights 2007A, 2007B and
2007C currently amount to GBP 2.25, GBP 2.625 and GBP 2.75, respectively.

Subscriptions  will be  accepted at  Evli Bank  Plc. The  payments for the share
subscriptions  with Stock Options  2007 will be accepted  both in pound sterling
and in euro. The share subscription price in euro will be determined by the euro
reference  exchange rate  for the  pound sterling  computed and published by the
European Central Bank on the day preceding the date of share subscription.

By  31 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 and a total of 48,763 new
shares  were subscribed for under  the stock option rights  2007B and a total of
2,284,337 stock option rights 2007B 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#1584277]

Attachments:

Share Subscription Schedule 2012 under Talvivaara Stock Option.pdf