February 15, 2013 at 10:11 AM EST
Correction: Talvivaara Mining Company annual results review for the year ended 31 December 2012

Stock Exchange Release
Talvivaara Mining Company Plc
15 February 2013

Correction: Talvivaara Mining Company annual results review for
the year ended 31 December 2012

Correction to Talvivaara Mining Company annual results review for the year ended 31 December 2012 published on 14 February 2013 at 7:00 GMT / 9:00 EET. The annual results review incorrectly states on page 2 in the Key Figures table that all figures in the review have been audited. In the review, only figures that have been specifically identified as such, are audited.

The correction also applies to the Finnish language annual results review for the year ended 31 December 2012.

The corrected table is as follows:

Key Figures

EUR million Q4
2012
Q4
2011
FY
2012
FY
2011
Net sales 25.7 66.5 142.9 231.2
Operating profit (loss) (57.0) 14.9 (83.6) 30.9
      % of net sales (221.9%) 22.5% (58.5)% 13.4%
Profit (loss) for the period (59.4) 3.7 (103.9) (5.2)
Earnings per share, EUR (0.22) 0.01 (0.38) (0.04)
Equity-to-assets ratio 24.3% 27.9% 24.3% 27.9%
Net interest bearing debt 563.8 455.7 563.8 455.7
Debt-to-equity ratio 183.8% 141.3% 183.3% 141.3%
Capital expenditure 29.6 21.6 97.5 79.1
Cash and cash equivalents at the end of the period 36.1 40.0 36.1 40.0
Number of employees at the end of the period 588 461 588 461

The corrected annual results review for the year ended 31 December 2012 can be found on the Talvivaara corporate website www.talvivaaran.com/financial-reports and attached as a PDF file to the Stock Exchange Release.

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.




This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Talvivaaran Kaivososakeyhtiö Oyj via Thomson Reuters ONE

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