Director's Dealing

Powerflute Oyj

30 November 2010

POWERFLUTE OYJ

("Powerflute" or the "Company")

Director's Dealing

Powerflute Oyj today announces that through participation in the Company's recent rights issue, Marco Casiraghi has acquired 7,288,629 ordinary shares in the Company at 12 pence each and David Walton has acquired 1,250,000 ordinary shares in the Company at 12 pence each. Mr Casiraghi and Mr Walton are both executive directors of the Company.

Following the completion of the rights issue, Mr Casiraghi's beneficial interest in the ordinary shares of the Company is 7,288,629 ordinary shares (2.51%), while Mr Walton's beneficial interest is 1,250,000 ordinary shares (0.43%).

At the date of this announcement, the Company has 289,818,174 shares in issue.

Ends

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About Powerflute

Powerflute Oyj ("the Company" or "Powerflute") is a packaging group with established positions in Nordic semi-chemical fluting and coated woodfree papers.

Through its subsidiary Savon Sellu Oy, the Group operates a paper mill in Kuopio, Finland which produces a specialised form of semi-chemical fluting made from locally sourced birch. Corrugated boxes manufactured using Nordic semi-chemical fluting demonstrate strength and moisture resistance and are used for transportation of fruit and vegetables, high-value industrial goods such as electrical appliances and automotive components. The Kuopio mill has the capacity to produce up to 300,000 tonnes per annum and is one of three suppliers of Nordic semi-chemical fluting in Europe.

Through its subsidiary Papierfabrik Scheufelen, the Group operates a paper mill in Lenningen, Germany which produces a range of coated woodfree papers from mixed hardwood and softwood pulps. Coated woodfree papers are used in the production of printed promotional material such as brochures, leaflets and other point of sale materials for producers and distributors of premium branded goods. The Lenningen mill has the capacity to produce up to 300,000 tonnes per annum and supplies the majority of its products into the European market.