Talvivaaran Kaivososakeyhtiö Oyj : Talvivaara Update on Disposal of Subscription Rights and Shares by Talvivaara's CEO Mr.

     Talvivaaran Kaivososakeyhtiö Oyj : Talvivaara Update on Disposal of
      Subscription Rights and Shares by Talvivaara's CEO Mr. Pekka Perä

Stock Exchange Release
Talvivaara Mining Company Plc
25 March 2013

 Update on Disposal of Subscription Rights and Shares by Talvivaara's CEO Mr.
                                  Pekka Perä

Talvivaara Mining Company Plc (the  "Company") today announces that Mr.  Pekka 
Perä,  the  CEO  of  the  Company,  has  informed  the  Company  that  he  has 
successfully placed 47,960,000 subscription  rights and 1,892,225 shares.  Mr. 
Perä will use the proceeds of the disposal to subscribe for new shares in  the 
Company pursuant to the terms of the  rights issue announced on 8 March  2013. 
Following this disposal,  Mr. Perä has  indicated that he  does not intend  to 
sell any further subscription rights or shares.

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.

Disclaimer

The information contained herein shall not constitute an offer to sell or  the 
solicitation of an offer to buy, nor shall there be any sale of the securities
referred to herein in  any jurisdiction in which  such offer, solicitation  or 
sale would be unlawful prior  to registration, exemption from registration  or 
qualification under the  securities laws of  any such jurisdiction.  Investors 
must neither accept any offer for,  nor acquire, any securities to which  this 
announcement refers,  unless  they do  so  on  the basis  of  the  information 
contained in the applicable Prospectus published or distributed by Talvivaara.

The information  contained  herein is  not  for publication  or  distribution, 
directly or indirectly, in or into the United States, Canada, Australia,  Hong 
Kong, South Africa  or Japan.  These written  materials do  not constitute  an 
offer of securities for sale in the  United States, nor may the securities  be 
offered or sold in the United States absent registration or an exemption  from 
registration as provided in the U.S.  Securities Act of 1933, as amended,  and 
the rules and regulations  thereunder. There is no  intention to register  any 
portion of the offering in the United  States or to conduct a public  offering 
of securities in the United States.

Update on Disposal of Subscription Rights & Shares by CEO Mr. Perä

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Source: Talvivaaran Kaivososakeyhtiö Oyj via Thomson Reuters ONE
HUG#1687844