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Stock Exchange Release
Talvivaara Mining Company Plc
27 April 2012
Talvivaara Mining Company Plc. Board of Directors Organizational Meeting 2012
The Chairman and the Deputy Chairman of the Board of Directors
Talvivaara Mining Company Plc ("Talvivaara" or the "Company") notes that Talvivaara's Board of Directors held its organizational meeting on 26 April 2012. Having consulted Talvivaara's major shareholders in advance as required by the UK Corporate Governance Code, the Board of Directors elected the former CEO of the Company Mr. Pekka Perä as Chairman of the Board of Directors. Whilst the Board of Directors recognizes that a Chief Executive should go on to be chairman of the same company only in exceptional cases, the Board considers that retaining Mr. Perä's continuing and close involvement in the Company as an Executive Chairman is justified as Mr. Perä is the founder and a major shareholder of the Company and as he has extensive experience and knowledge of Talvivaara's operations.
Mr. D. Graham Titcombe was elected as the Deputy Chairman (Senior Independent Director).
The compositions of the Board Committees
The Board appointed from among its members the following members to the Committees:
Eileen Carr, Chairman
D. Graham Titcombe
D. Graham Titcombe, Chairman
Tapani Järvinen, Chairman
D. Graham Titcombe
Kirsi Sormunen, Chairman
In addition to the existing committees, the Board has established a Strategy Committee, the purpose of which is to make proposals and recommendations to the Board relating to the long-term strategic guidelines and goals of the Company.
Edward Haslam, Chairman
Talvivaara Mining Company Plc Tel: +358 20 712 9800
Harri Natunen, CEO
Saila Miettinen-Lähde, Deputy CEO and CFO