Talvivaaran Kaivososakeyhtiö Oyj - Company Announcement

Talvivaara Flagging notification in accordance with Chapter 9 Section 5 of the Finnish Securities Market Act

Stock Exchange Release
Talvivaara Mining Company Plc.
25 March 2013


  Flagging notification in accordance with Chapter 9 Section 5 of the Finnish
                             Securities Market Act


Talvivaara Mining Company Plc. ("Talvivaara" or "Company") has today on 25 March
2013 received  the attached flagging notification  in accordance with Chapter 9
Section  5 of  the  Finnish  Securities  Market  Act  regarding  the  shares  of
Talvivaara  from  the  CEO  of  the  Company,  Mr.  Pekka  Perä.  Through  share
transactions  concluded on 20 March  and 22 March 2013, the  personal holding of
Mr.  Pekka  Perä  has  decreased  from 56,265,160 shares (20.66%) to 54,372,935
shares,  representing in  aggregate 19.97 %  of shares  and voting rights of the
Company (below 20 %).


Attachment:

 1. Name of the target company

Talvivaara Mining Company Plc

 2. Basis for the flagging obligation

Share transactions

 3. Date of transaction

20 March and 22 March 2013

 4. Holdings of the target company's voting rights and share capital



Current personal holding of Mr. Pekka Perä in Talvivaara is as follows:
Shares and voting rights attached to them
-----------------------------------------------------------------------
Number of shares % of shares Number of voting rights % of voting rights
-----------------------------------------------------------------------
54,372,935       19.97%      54,372,935              19.97%
-----------------------------------------------------------------------


Enquiries

Talvivaara Mining Company Plc. Tel: +358 20 7129 800
Saila Miettinen-Lähde, Deputy CEO and Chief Financial Officer
Pekka Erkinheimo, Chief Commercial 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. Further information can be found
at www.talvivaara.com.

[HUG#1687867]

Attachments:

Flagging notification in accordance with Ch. 9 Sec. 5.pdf