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.
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]