Talvivaaran Kaivososakeyhtiö Oyj - Company Announcement

Talvivaara Share Subscriptions Based On Stock Options 2007A

Stock Exchange Release

Talvivaara Mining Company Plc

21 March 2011





                Share Subscriptions Based On Stock Options 2007A


A total of 13,000 Talvivaara Mining Company Plc's new shares were subscribed for
during   the  period  between  1 January  2011 and  28 February  2011 under  the
company's  stock  option  rights  2007A. The  entire  subscription  price of EUR
34,023.30 will  be entered  in the  invested unrestricted  equity reserve.  As a
result  of the share subscriptions, the  number of Talvivaara Mining Company Plc
shares will increase to 245,364,096.

The  shares subscribed for under the stock  options were registered in the Trade
Register  on  21 March  2011, as  of  which  date  the new shares will establish
shareholder rights.

Trading in the new shares will begin on NASDAQ OMX Helsinki on 22 March 2011.

The  share subscription period for stock  options 2007A is between 1 April 2010
and  31 March  2012. By  28 February  2011 a  total of 187,378 Talvivaara Mining
Company  Plc's  new  shares  were  subscribed  for under the stock option rights
2007A and a total of 2,145,722 stock option rights 2007A remain unexercised.

The  terms  and  conditions  of  Talvivaara  Stock  Options 2007 with additional
information are available on:

www.talvivaara.com/investors/Share-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 sufficient to support anticipated production for at least 46 years.
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#1498643]

Attachments:

Talvivaara Share Subscriptions Based On Stock Options 2007A.pdf