2012-03-13 13:57:09 CET

2012-03-13 13:57:39 CET


REGULATED INFORMATION

English
Talvivaaran Kaivososakeyhtiö Oyj - Company Announcement

New shares of Talvivaara Mining Company Plc registered with the Finnish Trade Register 


Stock Exchange Release

Talvivaara Mining Company Plc

13 March 2012





 New shares of Talvivaara Mining Company Plc registered with the Finnish Trade
                                    Register

     Adjustment to conversion price of convertible bonds due 2013 and 2015


An   Extraordinary  General  Meeting  of  Talvivaara  Mining  Company  Plc  (the"Company")  resolved on  12 March 2012 to  approve the  proposal of the Board of
Directors  on  a  share  issue  in  deviation from the shareholders' pre-emptive
subscription  rights  (the  "Placing").  A  total  of 24,589,050 new shares were
subscribed  for in  the Placing.  The new  shares have  been registered with the
Finnish   Trade  Register  on  13 March  2012. The  new  shares  will  establish
shareholder  rights as from  the registration date.  Following the registration,
the  total number of the Company's shares is 270,591,300 shares. Dealings in the
new shares on the main market of the London Stock Exchange and the official list
of the Helsinki Stock Exchange is expected to commence on 14 March 2012.

In  addition,  the  Board  of  Directors  has  resolved,  on  the  basis  of the
authorisation  granted  by  the  Extraordinary  General Meeting held on 12 March
2012, to  issue special rights entitling to  subscribe up to 184,428 new shares,
in  order to carry out an adjustment to the conversion price, as a result of the
Placing,  in accordance with  the terms and  conditions of the convertible bonds
due  2013. Accordingly the maximum number of  ordinary shares that may be issued
upon  conversion is 11,677,591 shares.   Due to an  adjustment to the conversion
price of the convertible bonds due 2015, as a result of the Placing, the maximum
number  of ordinary  shares that  may be  issued upon  conversion is 27,180,636
shares. [No additional shareholder authorisation was required for the adjustment
of  the conversion price  of the 2015 convertible  bonds, as it  was carried out
under  the authorisation granted by the Extraordinary General Meeting of January
2011.]


ENQUIRIES

Talvivaara Mining Company Plc +358 20 712 9800
Pekka Perä CEO
Saila Miettinen-Lähde, 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  and is included in the FTSE- 250
index. Further information can be found atwww.talvivaara.com.

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