Talvivaara Share Subscriptions Based on Conversion of the Convertible Bonds and Stock Options 2007A

Stock Exchange Release

Talvivaara Mining Company Plc.

11 May 2011



Share Subscriptions Based on Conversion of the Convertible Bonds and Stock
Options 2007A


On 16 December 2010, Talvivaara Mining Company Plc. ("Talvivaara") issued EUR
225 million in senior unsecured convertible bonds due 2015 (the "Bonds"). The
extraordinary general meeting of shareholders of Talvivaara held on 27 January
2011 approved the issue of special rights in respect of the Bonds.

In March 2011, Talvivaara received a conversion notice pursuant to which Bonds
amounting to EUR 1,800,000 are converted to a total of 215,736 new Talvivaara
shares (the "Conversion Shares"). As a result of the conversion of the Bonds,
the number of Talvivaara shares will increase to 245,579,832. The Conversion
Shares were registered in the Trade Register on 11 May 2011, as of which date
the Conversion Shares will carry shareholder rights. Trading in the Conversion
Shares will begin on NASDAQ OMX Helsinki Ltd [(the "Helsinki Stock Exchange")]
on 12 May 2011.

In addition to the Conversion Shares, a total of 187,378 shares have been
subscribed for under Talvivaara's stock option rights 2007A (the "Stock Option
Shares"). The Stock Option Shares have already been admitted to trading on the
Helsinki Stock Exchange. Talvivaara will now apply for admission of the
Conversion Shares and the Stock Option Shares to listing on the official list of
the United Kingdom's Financial Services Authority and to trading on the main
market of the London Stock Exchange (the "Admission"). It is expected that the
Admission will take place and that trading will commence on or about 16 May
2011.


ENQUIRIES

Talvivaara Mining Company Plc. Tel: 358 20 7129 800
Pekka Erkinheimo, Chief Commercial Officer
Saila Miettinen-Lähde, Chief Financial 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 and is included in the FTSE 250
Index. Further information can be found atwww.talvivaara.com.




Share Subscriptions Release 11.5.2011:
http://hugin.info/136227/R/1514606/450745.pdf




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Source: Talvivaaran Kaivososakeyhtiö Oyj via Thomson Reuters ONE

[HUG#1514606]


Unternehmen: Talvivaaran Kaivososakeyhtiö Oyj - ISIN: FI0009014716