Talvivaara Mining Company Plc: Flagging notification in accordance with Chapter 9 Section 5 of the Finnish Securities Market Act

Stock Exchange Release
Talvivaara Mining Company Plc.
16 April 2013

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

Talvivaara Mining Company Plc. ("Talvivaara" or "Company") has today on 16 April
2013 received  the attached flagging notification  in accordance with Chapter 9
Section  5 of  the  Finnish  Securities  Market  Act  regarding  the  shares  of
Talvivaara  from the CEO of  the Company, Mr. Pekka  Perä. The direct holding of
Mr.  Pekka Perä has decreased from 19.97% to 6.54% and the indirect holding from
0.42% to  0.13% and accordingly, the  direct and indirect  holdings in aggregate
from  20.39% to 6.67% of shares and voting  rights of the Company (below 10% and
below  15 %). The indirect holding also includes the shares held by Talvivaara's
management  holding  company,  Talvivaara  Management  Oy (previously 1,104,000
shares  and votes,  currently 2,268,000 shares  and votes),  in which Pekka Perä
exercises control with other insiders who have a duty to declare holdings.

Attachment:

 1. Name of the target company

Talvivaara Mining Company Plc

 2. Basis for the flagging obligation

Rights offering

 3. Date of the change

16 April 2013

 4. Holdings of the target company's voting rights and share capital


Current holding of Mr. Pekka Perä in Talvivaara is as follows:

Shares and voting rights attached to them

------------------------------------------------------------------------------
 Number of shares       % of shares Number of voting rights % of voting rights
------------------------------------------------------------------------------
 Direct   124,603,895         6.54%   124,603,895                        6.54%
------------------------------------------------------------------------------
 Indirect     2,563,932       0.13%     2,563,932                        0.13%
------------------------------------------------------------------------------
 Total    127,167,827         6.67% 127,167,827                          6.67%
------------------------------------------------------------------------------


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#1693336]