Talvivaara Mining Company Plc. Resolutions of Extraordinary General Meeting

Stock Exchange Release
Talvivaara Mining Company Plc
12 March 2012


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Resolutions of Extraordinary General Meeting of Talvivaara Mining Company Plc


An Extraordinary General Meeting of Talvivaara Mining Company Plc (the
"Company") has on 12 March 2012 resolved to approve the proposal of the Board of
Directors on a share issue in deviation from the shareholders' pre-emptive
subscription rights (the "Placing"). The Placing was conducted through an
accelerated book-building process and 24,589,050 new shares representing
approximately 10 per cent of the number of the existing shares of the Company
will be issued in the Placing. The new shares are expected to be registered in
the Finnish Trade Register on 13 March 2012 and dealings in the new shares on
the London Stock Exchange's main market and on the official list of the Helsinki
Stock Exchange is expected to commence on 14 March 2012.

In addition, the Extraordinary General Meeting of the Company has resolved to
approve the proposal of the Board of Directors to grant an authorisation to the
Board of Directors to resolve to issue up to 184,428 new shares through one or
several share issue and/or by granting of special rights entitling to shares, as
referred to in Chapter 10, Section 1 of the Finnish Companies Act, in order to
carry out an adjustment of the conversion price in accordance with the terms and
conditions of the convertible bonds of the Company due 2013 resulting from the
Placing. The authorisation is valid until 1 June 2013. The authorisation is
conditional upon the completion of the Placing.



ENQUIRIES
Talvivaara Mining Company Plc +358 20 712 9800
Pekka Perä CEO
Saila Miettinen-Lähde, CFO

The distribution of this announcement in jurisdictions other than Finland and
the United Kingdom may be restricted by law and, therefore, persons into whose
possession this announcement comes should inform themselves about and observe
such restrictions. Any failure to comply with such restrictions may constitute a
violation of the securities laws of any such jurisdiction.

This announcement is not an offer of securities for sale in the United States or
elsewhere. Securities may not be offered or sold in the United States absent
registration under the US Securities Act of 1933, as amended (the "Securities
Act") or an exemption therefrom. The Company has not registered and does not
intend to register any of its shares under the Securities Act. No shares will be
offered or sold to the public in the United States.

This announcement has been issued by and is the sole responsibility of the
Company. No representation or warranty, express or implied, is or will be made
as to, or in relation to, and no responsibility or liability is or will be
accepted by Merrill Lynch International, Liberum Capital Limited, Pohjola
Corporate Finance Ltd or by any of their respective affiliates or agents as to,
or in relation to, the accuracy or completeness of this announcement or any
other written or oral information made available to or publicly available to any
interested party or its advisers, and any liability therefore is expressly
disclaimed.

Merrill Lynch International, Liberum Capital Limited and Pohjola Corporate
Finance Ltd are acting for the Company and for no-one else in connection with
the placing, and will not be responsible to anyone other than the Company for
providing the protections afforded to their respective customers or for
providing advice to any other person in relation to the placing or any other
matter referred to herein. Merrill Lynch International and Liberum Capital
Limited are authorised and regulated in the United Kingdom by the FSA. Pohjola
Corporate Finance Ltd is authorised and regulated in Finland by the Finnish FSA.




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.




Talvivaara Resolutions of Extraordinary General Meeting 12.3.2012:
http://hugin.info/136227/R/1593185/501217.pdf




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Source: Talvivaaran Kaivososakeyhtiö Oyj via Thomson Reuters ONE

[HUG#1593185]


Unternehmen: Talvivaaran Kaivososakeyhtiö Oyj - ISIN: FI0009014716