Talvivaaran Kaivososakeyhtiö Oyj : Talvivaara Mining Company Plc: Flagging notification in accordance with Chapter 9 Section 5

  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

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Source: Talvivaaran Kaivososakeyhtiö Oyj via Thomson Reuters ONE
HUG#1692582
 
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