Annual Report and Accounts

| Source: Powerflute Oyj Powerflute Oyj 

7 April 2008


                                     Powerflute OYJ

                               Annual Report and Accounts


Powerflute OYJ announces that the Company's report and accounts have today been
despatched to holders of the Depositary Interests of the Company. Pursuant to
rule 26 of the AIM Rules and rule 4.3 of the First North Rules, the accounts
can be downloaded from the Company's website www.powerflute.com. 

Powerflute's nominated adviser on AIM is Collins Stewart (Europe) Limited.

Powerflute's Certified Advisor on First North is E. Öhman J:or Fondkommission
AB. The Swedish Company Registration Number: 409596-1. 

                                         - Ends - 



For additional information please contact:

Powerflute OYJ

Dermot Smurfit (Chairman)
Don Coates (Chief Executive Officer)		
C/O Billy Clegg 
+44 (0)20 7831 3113

Collins Stewart Europe Ltd:
Nick Ellis		
+44 (0)20 7523 8319

E.Öhman J:or Fondkommission AB:
Vesa Heikkilä		
+358 (9) 8866 6021

Financial Dynamics:
Billy Clegg
Georgina Bonham		
+44 (0)20 7831 3113