Talvivaara Mining Company Plc (“Talvivaara”) has received the attached flagging notification in accordance with Chapter 2, Section 9 of the Finnish Securities Market Act from BlackRock, Inc. regarding the shares of Talvivaara on 12 May 2009. BlackRock, Inc. holds 11,210,892 ordinary shares and 135,374 convertible bonds of Talvivaara, representing in the aggregate 5.09% percent of the issued ordinary share capital and total voting rights attached to shares in Talvivaara (over 5%). Attachment 1. Name of the target company Talvivaara Mining Company Plc 2. Basis for the flagging obligation Trades in shares made on 5 May 2009 3. Date when the holdings have changed 5 May 2009 4. Holdings of the target company's voting rights and share capital BlackRock Inc's total holding in Talvivaara is the following: Amount 11,346,266 Holdings of total number of shares 5.09% Holdings of voting rights 5.09% Pursuant to BlackRock, Inc.'s notice, the holdings of BlackRock, Inc. are held through a controlled undertaking BlackRock Investment Management (UK) Limited (Register No. 2020394, FSA No. 119293) which holds 11,210,892 shares in Talvivaara (5.03% of shares and voting rights) and 135,374 convertible bonds which can be converted into 135,374 shares in Talvivaara (0.06% of shares and voting rights). The total number of Talvivaara's shares is 222,896,718 shares, which carry a total of 222,896,718 voting rights. 5. Name of shareholder and business identification code BlackRock, Inc., USA Tax ID 32-0174421, SEK CIK Code# 0001364742 ENQUIRIES Talvivaara Mining Company Plc Tel: +358 20 7129 800 Saila Miettinen-Lähde, CFO Timo Laatio, Investor Relations Merlin PR Tel: +44 207 653 6620 Tom Randell Anca Spiridon
Holdings in Company (Flagging notification in accordance with Chapter 2, Section 9 of the Finnish Securities Market Act)
| Source: Talvivaaran Kaivososakeyhtiö Oyj