Talvivaara: Correction to flagging notification in accordance with Chap. 9 Sec. 5 of the Finnish Securities Market Act

Stock Exchange Release
Talvivaara Mining Company Plc.
27 March 2013


  Correction to the stock exchange release concerning flagging notification in
    accordance with Chapter 9 Section 5 of the Finnish Securities Market Act


Talvivaara  Mining Company  Plc ("Talvivaara"  or the  "Company") amends the 25
March  2013 stock  exchange  release  concerning  the  flagging  notification in
accordance with Chapter 9 of Section 5 of the Finnish Securities Market Act with
information on share options and shares held indirectly by Pekka Perä.

The  indirect  holding  has  remained  unchanged (1,146,276 shares, representing
0.42% of  the  shares  and  votes  in  the  Company).  The indirect holding also
includes  the shares held by Talvivaara's management holding company, Talvivaara
Management  Oy  (1,104,000  shares  and  votes),  in  which Pekka Perä exercises
control with other insiders who have a duty to declare holdings.

Following  the  share  transactions,  the  aggregate  amount  of  the direct and
indirect  holdings of Pekka Perä is 55,519,211 shares representing 20.39% of the
shares  and votes in  the Company. The  direct holdings of  Pekka Perä amount to
54,372,935 shares  and votes  in the  Company (19.97%).  In addition, Pekka Perä
continues  to  hold  24,000 option  rights  2007B. The  aggregate  amount of the
holdings, including the direct and indirect holdings and the options referred to
above,  is 55,543,211 shares  and votes,  representing 20.40% of  the shares and
votes of the Company.


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.

[HUG#1688592]