Talvivaaran Kaivososakeyhtiö Oyj : 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 12 April 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 on 11 April 2013 received the attached flagging notification in accordance with Chapter 9 Section 5 of the Finnish Securities Market Act regarding the shares of Talvivaara. According to the notification, Ilmarinen Mutual Pension Insurance Company ("Ilmarinen") has on 11 April 2013 sold its entire shareholding in Talvivaara. In addition, Ilmarinen does not hold Talvivaara's convertible bonds. Additionally, Ilmarinen has on 11 April 2013 cancelled its rights issue share subscriptions in the Company. According to the notification, Ilmarinen's ownership has declined to below one twentieth (below 5%). Attachment: 1.Name of target company Talvivaara Mining Company Plc 2. Basis for the flagging obligation Share transactions and cancellation of rights issue subscription a.Date of transaction 11 April 2013 a.Number of shares and voting rights preceding the triggering transaction According to the notification, before the share transactions and subscription cancellation Ilmarinen owned Talvivaara's shares and voting rights as follows: - Shares (ISIN code FI0009014716) 1824631 - Interim shares (ISIN code FI4000060967) 100 942122 5. Name of shareholder and business identification code Ilmarinen Mutual Pension Insurance Company, business ID 0107638-1 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 - Holdings in Company 12.4.2013 ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Talvivaaran Kaivososakeyhtiö Oyj via Thomson Reuters ONE HUG#1692582
Talvivaaran Kaivososakeyhtiö Oyj : Talvivaara Mining Company Plc: Flagging notification in accordance with Chapter 9 Section 5
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