TALV Talvivaara

Stock Exchange Release
Talvivaara Mining Company Plc.
14 February 2013

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

Talvivaara Mining Company Plc ("Talvivaara") has on 14 February 2013 received the attached flagging notification in accordance with Chapter 9 Section 5 of the Finnish Securities Market Act from Solidium Oy regarding the shares of Talvivaara. Solidium Oy has in connection with the share issue of Talvivaara announced on 14 February 2013 committed to subscribe in full for new shares on the basis of the subscription rights allocated to it. In addition, Solidium Oy has agreed to subscribe for shares in the secondary subscription up to an aggregate subscription price of EUR 30 million. Solidium Oy's maximum holding following the share issue will be determined in accordance with the terms of the rights issue. The maximum holding of the shares is based on the estimates given by the underwriting banks.

If the above mentioned arrangements are completed, the holdings of Solidium Oy will increase to a maximum of 18.1 % of shares and voting rights (above 10 % & 15 %).

Attachment:

1. Name of the target company

Talvivaara Mining Company Plc

2. Basis for the flagging obligation

An arrangement which may result in the acquisition or disposal of shares or voting rights

3. Date transaction

14 February 2013

4. Number of the shares and voting rights preceding the triggering transaction

24,210,053 shares and voting rights

Amount of the shares and voting rightsthat may be acquired if the arrangement is completed:
Maximum 18.1 %

5. Name of shareholder and business identification code

Solidium Oy, Business ID 2245475-9

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.

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