Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached:

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):

Placing

Yes

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

Gartmore Investment Limited

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

See attached schedule

5. Date of the transaction and date onwhich the threshold is crossed orreached:

30 November 2010

6. Date on which issuer notified:

1 December 2010

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

10%

8. Notified details:

A: Voting rights attached to shares

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights

Direct

Indirect

Direct

Indirect

FI00009015291

7,994,629

7,994,629

29,691,786

29,691,786

10.25%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate

Exercise/Conversion Period

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

Exercise price

Expiration date

Exercise/Conversion period

Number of voting rights instrument refers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

29,691,786

10.25%

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

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will ceaseto hold:

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

13. Additional information:

All figures are based on the Companies issued share capital of 289,818,174 as provided by Exshare

E-mail contact: [email protected]

14. Contact name:

RDU

15. Contact telephone number:

020 7782 2224

A: Identity of the persons or legal entity subject to the notification obligation

Full name

(including legal form of legal entities)

Contact address

(registered office for legal entities)

Phone number & e-mail

Other useful information

(at least representative for legal persons)

B: Identity of the notifier, if applicable

Full name

Gartmore Investment Limited

Contact address

Gartmore House, 8 Fenchurch Place, London EC3M 4PB

Phone number & e-mail

020 7782 [email protected]

Other useful information

(e.g. functional relationship with the person or legal entity subject to the notification obligation)

Asset Manager

C: Additional information

Fund Managing Company

Number of Shares Held

Issued Share Capital

Percentage of Issued Share Capital

UK Registered Owner

Fund

Beneficial Owner

Gartmore Fund Managers Limited

3,003,233

1.036 %

HSBC GLOBAL CUSTODY NOMINEE UK LTD

56690

GARTMORE FUND MANAGERS LTD A/CGARTMORE UK & IRISH SMALLER COMPANIES

Gartmore Investment Limited

12,752,344

4.400 %

NORTRUST OMINEES LIMITED

54550

STRATHCLYDE PENSION FUND

Gartmore Investment Limited

9,867,767

3.405 %

VIDACOS NOMINEES LTD A/C 2303

VOLANI

THE ALPHAGEN VOLANTIS FUND LIMITED

Gartmore Investment Limited

4,068,442

1.404 %

GARTMORE GROWTH OPPORTUNITIES

56640

GARTMORE GROWTH OPPORTUNITIES PLC

29,691,786

289,818,174

10.245 %