Talvivaaran Kaivososakeyhtiö Oyj - Decisions of extraordinary general meeting

Talvivaara Mining Company Plc. Resolutions of Extraordinary General Meeting

Stock Exchange Release
Talvivaara Mining Company Plc
12 March 2012


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO
THE  UNITED STATES OF AMERICA, CANADA, JAPAN,  AUSTRALIA, SOUTH AFRICA OR IN ANY
OTHER  JURISDICTION IN WHICH  OFFERS OR SALES  WOULD BE PROHIBITED BY APPLICABLE
LAW


 Resolutions of Extraordinary General Meeting of Talvivaara Mining Company Plc


An   Extraordinary  General  Meeting  of  Talvivaara  Mining  Company  Plc  (the"Company") has on 12 March 2012 resolved to approve the proposal of the Board of
Directors  on  a  share  issue  in  deviation from the shareholders' pre-emptive
subscription  rights  (the  "Placing").  The  Placing  was  conducted through an
accelerated   book-building   process  and  24,589,050 new  shares  representing
approximately  10 per cent of the  number of the existing  shares of the Company
will  be issued in the Placing. The new  shares are expected to be registered in
the  Finnish Trade Register on  13 March 2012 and dealings in  the new shares on
the London Stock Exchange's main market and on the official list of the Helsinki
Stock Exchange is expected to commence on 14 March 2012.

In  addition, the Extraordinary  General Meeting of  the Company has resolved to
approve  the proposal of the Board of Directors to grant an authorisation to the
Board  of Directors to resolve to issue  up to 184,428 new shares through one or
several share issue and/or by granting of special rights entitling to shares, as
referred  to in Chapter 10, Section 1 of the  Finnish Companies Act, in order to
carry out an adjustment of the conversion price in accordance with the terms and
conditions  of the convertible bonds of  the Company due 2013 resulting from the
Placing.  The  authorisation  is  valid  until 1 June 2013. The authorisation is
conditional upon the completion of the Placing.



ENQUIRIES
Talvivaara Mining Company Plc +358 20 712 9800
Pekka Perä CEO
Saila Miettinen-Lähde, CFO

The  distribution of this  announcement in jurisdictions  other than Finland and
the  United Kingdom may be restricted by  law and, therefore, persons into whose
possession  this announcement comes  should inform themselves  about and observe
such restrictions. Any failure to comply with such restrictions may constitute a
violation of the securities laws of any such jurisdiction.

This announcement is not an offer of securities for sale in the United States or
elsewhere.  Securities may not  be offered or  sold in the  United States absent
registration  under the US  Securities Act of  1933, as amended (the "Securities
Act")  or an exemption  therefrom. The Company  has not registered  and does not
intend to register any of its shares under the Securities Act. No shares will be
offered or sold to the public in the United States.

This  announcement has  been issued  by and  is the  sole responsibility  of the
Company.  No representation or warranty, express or  implied, is or will be made
as  to, or  in relation  to, and  no responsibility  or liability  is or will be
accepted  by  Merrill  Lynch  International,  Liberum  Capital  Limited, Pohjola
Corporate  Finance Ltd or by any of their respective affiliates or agents as to,
or  in relation  to, the  accuracy or  completeness of  this announcement or any
other written or oral information made available to or publicly available to any
interested  party  or  its  advisers,  and  any liability therefore is expressly
disclaimed.

Merrill  Lynch  International,  Liberum  Capital  Limited  and Pohjola Corporate
Finance  Ltd are acting for  the Company and for  no-one else in connection with
the  placing, and will not  be responsible to anyone  other than the Company for
providing  the  protections  afforded  to  their  respective  customers  or  for
providing  advice to any  other person in  relation to the  placing or any other
matter  referred  to  herein.  Merrill  Lynch  International and Liberum Capital
Limited  are authorised and regulated in the  United Kingdom by the FSA. Pohjola
Corporate Finance Ltd is authorised and regulated in Finland by the Finnish FSA.




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 atwww.talvivaara.com.


[HUG#1593185]

Attachments:

Talvivaara Resolutions of Extraordinary General Meeting 12.3.2012.pdf