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.
16 April 2013

 Flagging notification in accordance with Chapter 9 Section 5 of the Finnish
                            Securities Market Act

Talvivaara Mining Company  Plc. ("Talvivaara"  or "Company") has  today on  16 
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 from the CEO of the Company, Mr. Pekka Perä. The direct  holding 
of Mr. Pekka Perä has decreased from 19.97% to 6.54% and the indirect  holding 
from 0.42%  to 0.13%  and accordingly,  the direct  and indirect  holdings  in 
aggregate from 20.39%  to 6.67%  of shares and  voting rights  of the  Company 
(below 10% and below 15 %). The indirect holding also includes the shares held
by  Talvivaara's  management   holding  company,   Talvivaara  Management   Oy 
(previously 1,104,000 shares and votes, currently 2,268,000 shares and votes),
in which Pekka Perä exercises control with  other insiders who have a duty  to 
declare holdings.

Attachment:

1.Name of the target company

Talvivaara Mining Company Plc

2.Basis for the flagging obligation

Rights offering

3.Date of the change

16 April 2013

4.Holdings of the target company's voting rights and share capital

Current holding of Mr. Pekka Perä in Talvivaara is as follows:

Shares and voting rights attached to them

Number of shares       % of shares Number of voting rights % of voting rights
Direct   124,603,895       6.54%        124,603,895                   6.54%
Indirect     2,563,932       0.13%          2,563,932                   0.13%
Total    127,167,827       6.67%      127,167,827                   6.67%
                                                      

Enquiries

Talvivaara Mining Company Plc. Tel: +358 20 7129 800
Saila Miettinen-Lähde, Deputy CEO and Chief Financial Officer
Pekka Erkinheimo, Chief Commercial Officer

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 16.4.2013 Pekka Perä

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Source: Talvivaaran Kaivososakeyhtiö Oyj via Thomson Reuters ONE
HUG#1693336
 
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