Stock Exchange Release Talvivaara Mining Company Plc. 2 August 2013 Flagging notification in accordance with Chapter 9 Section 5 of the Finnish Securities Market Act Talvivaara Mining Company Plc. ("Talvivaara" or the "Company") has today on 2 August 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 Varma Mutual Pension Insurance Company ("Varma"). Through share transactions concluded on 1 August 2013, the holding of Varma has decreased from 97,836,689 shares (5.133 %) to 93,836,689 shares, representing in aggregate 4.923 % of the shares and voting rights of the Company (below 5 %). Attachment: 1. Name of the target company Talvivaara Mining Company Plc 2. Basis for the flagging obligation Share transaction 3. Date of transaction 1 August 2013 4. Holdings of the target company's voting rights and share capital Current holding of Varma in Talvivaara is as follows: Shares and voting rights attached to them ----------------------------------------------------------------------- Number of shares % of shares Number of voting rights % of voting rights ----------------------------------------------------------------------- 93,836,689 4.923 % 93,836,689 4.923 % ----------------------------------------------------------------------- 5. Name of shareholder and business identification code Varma Mutual Pension Insurance Company, Business ID 0533297-9 Enquiries Talvivaara Mining Company Plc. Tel: +358 20 7129 800 Pekka Perä, CEO Saila Miettinen-Lähde, Deputy CEO and Chief Financial 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#1720802]
Talvivaara Mining Company Plc: Flagging notification in accordance with Chapter 9 Section 5 of the Finnish Securities Market Act
| Source: Talvivaaran Kaivososakeyhtiö Oyj