Talvivaaran Kaivososakeyhtiö Oyj : Correction: Talvivaara Mining Company annual results review for the year ended 31 December

   Talvivaaran Kaivososakeyhtiö Oyj : Correction: Talvivaara Mining Company
          annual results review for the year ended 31 December 2012

Stock Exchange Release
Talvivaara Mining Company Plc
15 February 2013

       Correction: Talvivaara Mining Company annual results review for
                       the year ended 31 December 2012

Correction to Talvivaara  Mining Company  annual results review  for the  year 
ended 31 December 2012 published on 14  February 2013 at 7:00 GMT / 9:00  EET. 
The annual results  review incorrectly  states on page  2 in  the Key  Figures 
table that all figures in  the review have been  audited. In the review,  only 
figures that have been specifically identified as such, are audited.

The correction also applies to the Finnish language annual results review  for 
the year ended 31 December 2012.

The corrected table is as follows:

Key Figures

EUR million                                           Q4     Q4      FY     FY
                                                    2012   2011    2012   2011
Net sales                                           25.7   66.5   142.9  231.2
Operating profit (loss)                           (57.0)   14.9  (83.6)   30.9
      % of net sales                            (221.9%)  22.5% (58.5)%  13.4%
Profit (loss) for the period                      (59.4)    3.7 (103.9)  (5.2)
Earnings per share, EUR                           (0.22)   0.01  (0.38) (0.04)
Equity-to-assets ratio                             24.3%  27.9%   24.3%  27.9%
Net interest bearing debt                          563.8  455.7   563.8  455.7
Debt-to-equity ratio                              183.8% 141.3%  183.3% 141.3%
Capital expenditure                                 29.6   21.6    97.5   79.1
Cash and cash equivalents at the end of the         36.1   40.0    36.1   40.0
period
Number of employees at the end of the period         588    461     588    461

The corrected annual results review for the year ended 31 December 2012 can be
found        on        the         Talvivaara        corporate         website 
www.talvivaaran.com/financial-reports and attached as a PDF file to the  Stock 
Exchange Release.

Enquiries
Talvivaara Mining Company Plc Tel +358 20 7129 800
Pekka Perä, CEO
Saila Miettinen-Lähde, Deputy CEO and CFO

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.

Talvivaara annual results review for the year ended 31 Dec 12 14.2.12

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