Talvivaaran Kaivososakeyhtiö Oyj : Talvivaara: Share Subscriptions by Pekka Perä, the CEO of Talvivaara

 Talvivaaran Kaivososakeyhtiö Oyj : Talvivaara: Share Subscriptions by Pekka
                         Perä, the CEO of Talvivaara

Stock Exchange Release
Talvivaara Mining Company Plc
4 April 2013

NOT FOR RELEASE, PUBLICATION  OR DISTRIBUTION, DIRECTLY  OR INDIRECTLY, IN  OR 
INTO THE UNITED STATES, CANADA, AUSTRALIA, HONG KONG, SOUTH AFRICA OR JAPAN OR
ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

                        Talvivaara Mining Company Plc

           Share Subscriptions by Pekka Perä, the CEO of Talvivaara

As disclosed in  the shareholders'  circular dated  14 February  2013 and  the 
prospectus dated 12 March  2013 prepared in connection  with the rights  issue 
announced by Talvivaara  on 8 March  2013, Pekka Perä,  the CEO of  Talvivaara 
Mining  Company  Plc,   agreed  to   subscribe  for   31,250,000  new   shares 
(corresponding to a total subscription price of EUR 5 million) and such number
of additional new shares at an  aggregate subscription price that is equal  to 
76 per cent  of any  net proceeds received  by him  from the sale  of (a)  any 
subscription rights and (b)  any shares prior to  the end of the  subscription 
period.

Mr. Perä has informed Talvivaara that he  has today subscribed for a total  of 
70230 960 new shares  in the rights  issue at the  subscription price of  EUR 
0.16 per  share,  representing the  total  subscription commitment  of  EUR  5 
million plus the net proceeds raised by Mr. Perä through the sale of 1,892,225
shares and the net amount of  44,560,000 subscription rights sold by Mr.  Perä 
during  the  trading  period  in  the  subscription  rights.  Following  these 
subscriptions, Mr. Perä owns an aggregate of 124603 895 shares in Talvivaara.

Enquiries

Talvivaara Mining Company Plc Tel +358 20 7129 800
Pekka Perä, Chief Executive Officer
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.

Share Subscriptions by Pekka Perä, the CEO of Talvivaara 4.4.2013

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Source: Talvivaaran Kaivososakeyhtiö Oyj via Thomson Reuters ONE
HUG#1690267