Holding(s) in Company

For filings with the FSA include the annex

For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Powerflute Oyj

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

NO

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

NO

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

NO

An event changing the breakdown of voting rights

NO

Other (please specify):

 Bestinver Gestión S.A., SGIIC shall exercise the voting rights attached to the assets of UIS SICAV, a SICAV under its investment management, as of May 15th, 2012.

YES

3. Full name of person(s) subject to the notification obligation:

BESTINVER GESTION S.A., SGIIC

4. Full name of shareholder(s) (if different from 3.):

See Annex attached (investment institutions and pension funds represented by Bestinver Gestión S.A. SGIIC)

5. Date of the transaction and date on which the threshold is crossed or reached:

15.05.12

6. Date on which issuer notified:

7. Threshold(s) that is/are crossed or reached:

10%

8. Notified details:

A: Voting rights attached to shares

Class/type ofshares

if possible usingthe ISIN

CODE

FI0009015291

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

28.726.775

Numberof shares

Number of votingrights

% of voting rights

Direct

Direct

Indirect

29.632.863

Direct

Indirect

10,22%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate

Exercise/ConversionPeriod

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Exerciseprice

Expirationdate

Exercise/Conversionperiod

Number of votingrights instrumentrefers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

29.632.863

10,22%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable:

Bestinver Gestión S.A. SGIIC is a Spanish fund management company. As a fund management company it exercises the voting rights attached to the shares property of the investment institutions it manages and represents. Additionally, Bestinver Gestión S.A. SGIIC has been granted a power of attorney to exercise the voting rights attached to the shares under the property of the pension funds managed by Bestinver Pensiones EGFP, S.A.

Please find attached the Annex with detail of the holdings of each investment and pension fund. Please notice that Bestinver Internacional F.I. and Bestinfond F.I. have a holding equal to 3,93% and 2,75% of Powerflute Oyj, respectively.

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

14. Contact name:

Elena Morris Sanz

15. Contact telephone number:

+34 91 595 91 58

Investment

Institutions and

Pension Funds

Number of shares

%

BESTINVER

INTERNACIONAL,

F.I.M

11.403.557,00

3,93%

BESTOMFOND, F.I.M

7.981.617,00

2,75%

BESTVALUE F.I

2.218.219,00

0,77%

BESTINVER GLOBAL

F.P.

2.133.332,00

0,74%

UIS SYCOMORE

BESTINVER

INTERNACIONAL

2.074.587,00

0,72%

BESTINVER AHORRO

FONDO DE

PENSIONES

1.196.914,00

0,41%

SOIXA SICAV S.A

878.033,00

0,30%

UIS SYCOMORE

BESTINVER

779.480,00

0,27%

BESTINVER MIXTO

INTERNACIONAL

570.145,00

0,20%

BIM SYMPHONIA

BESTVALUE LUX

280.025,00

0,10%

BESTINVER EMPLEO,

F.P

51.320,00

0,02%

DIVALSA DE INVERSIONES

SIMCAV

42.181,00

0,01%

LINKER INVERSIONES

SIMCAV

23.453,00

0,01%

29.632.863,00

10,22%