Talvivaaran Kaivososakeyhtiö Oyj - Company Announcement

Talvivaara Mining Company Plc. Board of Directors Organizational Meeting 2012

Stock Exchange Release
Talvivaara Mining Company Plc
27 April 2012


 Talvivaara Mining Company Plc. Board of Directors Organizational Meeting 2012


The Chairman and the Deputy Chairman of the Board of Directors

Talvivaara  Mining  Company  Plc  ("Talvivaara"  or  the  "Company")  notes that
Talvivaara's  Board  of  Directors  held  its organizational meeting on 26 April
2012.  Having  consulted Talvivaara's major shareholders  in advance as required
by  the UK Corporate Governance Code, the  Board of Directors elected the former
CEO  of the Company Mr. Pekka Perä as Chairman of the Board of Directors. Whilst
the  Board of  Directors recognizes  that a  Chief Executive  should go on to be
chairman of the same company only in exceptional cases, the Board considers that
retaining  Mr.  Perä's  continuing  and  close  involvement in the Company as an
Executive  Chairman  is  justified  as  Mr.  Perä  is  the  founder  and a major
shareholder  of the Company and as he  has extensive experience and knowledge of
Talvivaara's operations.

Mr.  D. Graham Titcombe  was elected as  the Deputy Chairman (Senior Independent
Director).


The compositions of the Board Committees

The Board appointed from among its members the following members to the
Committees:

Audit Committee:
Eileen Carr, Chairman
Kirsi Sormunen
D. Graham Titcombe

Nomination Committee:
D. Graham Titcombe, Chairman
Tapani Järvinen
Michael Rawlinson

Remuneration Committee:
Tapani Järvinen, Chairman
D. Graham Titcombe
Stuart Murray

Sustainability Committee:
Kirsi Sormunen, Chairman
Tapani Järvinen
Stuart Murray

In  addition to  the existing  committees, the  Board has established a Strategy
Committee,  the purpose of which is to make proposals and recommendations to the
Board relating to the long-term strategic guidelines and goals of the Company.

Strategy Committee:
Edward Haslam, Chairman
Pekka Perä
Michael Rawlinson
Stuart Murray

Enquiries

Talvivaara Mining Company Plc Tel: +358 20 712 9800
Harri Natunen, CEO
Saila Miettinen-Lähde, Deputy CEO and CFO

[HUG#1606724]

Attachments:

Talvivaara Board of Directors Organizational Meeting 2012 27.4.2012.pdf