5 May 2009
POWERFLUTE OYJ
APPOINTMENT OF DIRECTOR
Powerflute Oyj ("Powerflute" or "the Group") which operates paper mills in
Kuopio, Finland and Lenningen, Germany is pleased to announce the appointment
of Dr. Ulrich Sheufelen, 65, as director effective from 28 April 2009.
Dr. Scheufelen was previously a member of the board and the principal
shareholder of Papierfabrik Scheufelen since 1979, which was acquired by
Powerflute in January 2009.
Papierfabrik Scheufelen was put into administration in July 2008. Dr Scheufelen
was at that time a non executive director of the company.
Dr. Scheufelen currently holds 1,000,000 ordinary shares in Powerflute
representing 0.69% of total voting rights.
There are no further disclosures required under paragraph (g), Schedule Two of
the AIM Rules for Companies.
For additional information please contact:
Powerflute OYJ:
Dermot Smurfit (Chairman)
Don Coates (Chief Executive Officer)
C/O Billy Clegg
+44 (0)20 7269 7157
Collins Stewart Europe Ltd:
Mark Dickenson
Ileana Antypas
+44 (0)20 7523 8350
E.Öhman J:or Fondkommission AB:
Arja Vayrynen
+358 (9) 8866 6021
Financial Dynamics:
Billy Clegg
Georgina Bonham
+44 (0)20 7831 3113
K Capital Source
Mark Kenny
Jonathan Neilan
+353 (1) 631 5500
APPOINTMENT OF DIRECTOR
| Source: Powerflute Oyj