Talvivaaran Kaivososakeyhtiö Oyj - Company Announcement

Talvivaara Share Subscriptions Based on Conversion of the Convertible Bonds

Stock Exchange Release

Talvivaara Mining Company Plc

30 December 2015



        Share Subscriptions Based on Conversion of the Convertible Bonds



In  2010 Talvivaara Mining Company Plc  ("Talvivaara") issued EUR 225 million in
senior  unsecured  convertible  bonds  (the  "Bonds"). The extraordinary general
meeting of shareholders of Talvivaara held on 27 January 2011 approved the issue
of special rights in respect of the Bonds.

Talvivaara  has received conversion notices pursuant to which Bonds amounting to
in  aggregate EUR 4,600,000 are converted to a total of 2,035,396 new Talvivaara
shares  (the "Conversion Shares"). As  a result of the  conversion of the Bonds,
the  total number of Talvivaara shares will increase to 2,098,817,876 (including
192,883,000 shares  held  in  treasury  by  the  Company not carrying any voting
rights).  The Conversion  Shares were  registered in  the Trade  Register on 30
December  2015, as of  which date  the Conversion  Shares will carry shareholder
rights.  The Conversion Shares  will be listed  on NASDAQ OMX  Helsinki Ltd (the
"Helsinki Stock Exchange") from 4 January 2016. Trading in the Talvivaara shares
on  the Helsinki  Stock Exchange  has been  suspended since  6 November 2014 and
trading  in Talvivaara shares, including the Conversion Shares, will continue to
be suspended.



Enquiries

Talvivaara Mining Company Plc Tel: +358 20 712 9800

Pekka Perä, CEO
Pekka Erkinheimo, Deputy CEO

[HUG#1976143]

Viðhengi:

Share Subscriptions Based on Conversion of the Convertible Bonds.pdf