Solidium Oy : SOLIDIUM TO PARTICIPATE IN THE €260 MILLION RIGHTS ISSUE OF TALVIVAARA

  Solidium Oy : SOLIDIUM TO PARTICIPATE IN THE €260 MILLION RIGHTS ISSUE OF
                                  TALVIVAARA

Solidium to subscribe its pro rata entitlement and to make an additional
subscription commitment of up to €30 million

Solidium Oy has decided to participate in the €260 million rights issue
announced today by Talvivaara Mining Company Plc. Solidium has committed to
subscribe for Talvivaara's new shares for its pro rata entitlement,
corresponding to approximately €23 million. Furthermore, Solidium has
committed to subscribe for a maximum of €30 million of Talvivaara's new shares
in the secondary subscription in the event that the shares offered in the
rights issue are not fully subscribed for. Talvivaara will pay a fee for the
subscription commitment corresponding with the market practise.

"As a responsible owner, Solidium wants to ensure that the company is able to
solve its environmental issues and ramp-up its production to the full
capacity. In addition, Solidium wants to participate in the development of the
Finnish mining expertise. ", says Kari Järvinen, Solidium's Managing Director.

Talvivaara has published more detailed information about the share issue today
14 February 2013 in the morning.

Talvivaara 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. Solidium has an 8.89 % holding in the company prior
to the rights issue.

Further information: Managing Director Kari Järvinen, Solidium Oy, tel. +358
(0)10 830 89 05

Solidium is a limited company wholly owned by the State of Finland. Its
mission is to strengthen and stabilise Finnish ownership in nationally
important companies and increase the value of its holdings in the long term.
Investment activities are based on financial analysis. The core of Solidium's
investment strategy is proper, value enhancing asset management of the current
holdings. Through its stakes, Solidium is a minority owner in eleven listed
companies: Elisa, Kemira, Metso, Outokumpu, Outotec, Rautaruukki, Sampo, Stora
Enso, Talvivaara Mining Company, TeliaSonera and Tieto. The market value of
Solidium's equity investments is approximately EUR 7.4 billion at the date of
this press release. Further information: www.solidium.fi

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Source: Solidium Oy via Thomson Reuters ONE
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