Talvivaara - Holdings in Company (Flagging notification in accordance with Chapter 2, Section 10 of the Finnish Securities Market Act)

| Source: Talvivaaran Kaivososakeyhtiö Oyj Talvivaaran Kaivososakeyhtiö Oyj 

Stock Exchange Release
Talvivaara Mining Company Plc.
26 September 2011


Holdings in Company (Flagging notification in accordance with Chapter 2, Section
                    10 of the Finnish Securities Market Act)

Talvivaara  Mining Company Plc. ("Talvivaara") has on 26 September 2011 received
the  attached flagging notification  in accordance with  Chapter 2, Section 9 of
the  Finnish Securities Market Act from  Solidium Oy. ("Solidium") regarding the
shares of Talvivaara.

The holding of Solidium in Talvivaara has increased, through a share transaction
concluded  on  24 September  2011, to  12,418,718 ordinary shares of Talvivaara,
representing in aggregate 5.05% percent of the issued ordinary share capital and
total voting rights attached to shares in Talvivaara (above 5%).

Attachment
1. Name of the target company
Talvivaara Mining Company Plc.

2. Basis for the flagging obligation
Share Transaction

3. Date when the holdings have changed
24 September 2011

4. Holdings of the target company's voting rights and share capital
Holding of Solidium in Talvivaara is as follows:
Shares and voting rights attached to them

Number of shares % of shares Number of voting rights % of voting rights

12,418,718       5.05%       12,418,718              5.05%


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, 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 and is included in the FTSE 250
Index. Further information can be found atwww.talvivaara.com.

[HUG#1549691]

Attachments