TALVIVAARA MINING COMPANY PLC'S MANAGEMENT INVESTS IN THE COMPANY'S SHARES

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Talvivaara Mining Company Plc
14 December 2010



   TALVIVAARA MINING COMPANY PLC'S MANAGEMENT INVESTS IN THE COMPANY'S SHARES


The  Board of Directors of Talvivaara  Mining Company Plc (Talvivaara) has today
decided  on  a  new  shareholding  plan  directed  to  members of the Talvivaara
Executive  Committee  and  the  key  personnel  of Talvivaara Mining Company Plc
(Participants).  The  plan  enables  the  Participants to acquire a considerable
long-term  shareholding  in  Talvivaara.  Through  this  plan,  the Participants
personally  invest  a  considerable  amount  of  their own funds in Talvivaara's
shares.  The Participants finance their investments partly themselves and partly
by  a loan  provided by  Talvivaara. The  actual owner  risk will be carried out
personally  by the Participants for the part of their personal investment in the
plan.

For the purpose of the share ownership, the Participants have acquired a limited
liability  company named Talvivaara Management Oy (Talvivaara Management), whose
entire  share capital  they own.  The intention  of Talvivaara  Management is to
acquire  an approximate  total of  1,100,000 Talvivaara shares. The acquisitions
will  be  financed  by  equity  investments  in  Talvivaara  Management  by  the
Participants, in the maximum total amount of EUR 1,500,000, as well as by a loan
provided  by Talvivaara to  Talvivaara Management, in  the maximum amount of EUR
6,000,000. Some  of the  Participants will  finance their  equity investments in
Talvivaara  Management by transferring part or all of the Talvivaara shares that
they  already own to Talvivaara Management.  After the plan has been implemented
in  full, the Participants will hold approximately 0.4% of the Talvivaara shares
through Talvivaara Management.

As  part of the plan, the Board of  Directors of Talvivaara has today decided to
grant to Talvivaara Management an interest-bearing loan in the maximum amount of
EUR 6,000,000 to finance the acquisition of the Talvivaara shares. The loan will
be  repaid in full  by 31 March 2014, at  the latest. Should  the plan under the
terms  of the plan be continued by one  year at a time in 2013 or 2014, the term
of  the loan  will be  extended correspondingly.  Talvivaara Management  has the
right  to repay the loan  prematurely at any time,  and it has the obligation to
repay the loan prematurely by selling Talvivaara shares it holds, in a situation
where  the quoted price of the Talvivaara share exceeds the average price of the
Talvivaara  shares  acquired  for  the  plan,  multiplied  by  two (2), during a
predetermined number of consecutive trading days.

The  plan  will  be  valid  until  the  publication  of  Talvivaara's  financial
statements  2013 after which the plan is intended to be dissolved in a manner to
be  determined later.  The plan  may be  dissolved, e.g.,  by merging Talvivaara
Management  with  Talvivaara,  or  by  selling  the  Talvivaara  shares  held by
Talvivaara  Management in another manner. The plan will be continued by one year
at  a  time,  in  case  the  Talvivaara  share  price  after  the publication of
Talvivaara's  financial statements  2013 is lower  than the  average share price
which Talvivaara Management paid for its Talvivaara shares.

During  the validity of the plan, the  transfer of the Talvivaara shares held by
Talvivaara Management has been restricted.

Sotkamo 14 November 2010
TALVIVAARA MINING COMPANY PLC
The Board of Directors



ENQUIRIES

Talvivaara Mining Company Plc Tel: +358 20 7129 800
Pekka Perä, CEO

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 sufficient  to support  anticipated production  for at  least 46 years.
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 at www.talvivaara.com.




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