Talvivaaran Kaivososakeyhtiö Oyj - Major shareholder announcements

HOLDINGS IN THE COMPANY (FLAGGING NOTIFICATION IN ACCORDANCE WITH CHAPTER 2, SECTION 9 OF THE FINNISH SECURITIES MARKET ACT)

Talvivaara Mining Company Plc (“Talvivaara”) has received the attached flagging
notification in accordance with Chapter 2, Section 9 of the Finnish Securities
Market Act from Standard Life Investments Ltd. regarding the shares of
Talvivaara on 2 June 2009. 

The holdings of Standard Life Investments Ltd. have fallen below 5% (to
4,997%). After the change, Standard Life Investments Ltd. holds in aggregate
11,138,967 ordinary shares of Talvivaara. 

Attachment
1. Name of the target company
Talvivaara Mining Company Plc
2. Basis for the flagging obligation
Trades in shares made on 1 June 2009
3. Date when the holdings have changed
1 June 2009
4. Holdings of the target company's voting rights and share capital
Standard Life Investments Ltd's total holding in Talvivaara is the following:

Number of shares	Holdings of total number of shares	Holdings of voting rights
Direct	Indirect	Total	Direct 	Indirect	Total	Direct	Indirect	Total
6,985,173	4,153,794	11,138,967	3,134%	1,864%	4,997%	3,134 %	1,864%	4,997%


ENQUIRIES

Talvivaara Mining Company Plc Tel: +358 20 7129 800
Saila Miettinen-Lähde, CFO

Merlin PR	 Tel: +44 207 653 6620
Tom Randell
Anca Spiridon