Result of AGM

ANNUAL GENERAL MEETING OF POWERFLUTE OYJ

The Annual General Meeting of Powerflute Oyj held on 28 April 2009 resolved all
matters in accordance with the proposals of the Board of Directors and its
committees and as presented in the invitation to the Annual General Meeting
published on 26 March 2009. 

The Annual General Meeting of Powerflute Oyj (the “Company”) today approved the
Company's annual accounts for the financial year ended 31 December, 2008 as
presented by the Board of Directors. The Annual General Meeting resolved that
no dividend shall be paid in respect of the financial year ended 31 December,
2008. In addition, at the Annual General Meeting, all of the proposals by the
Board of Directors to the General Meeting were passed thereby authorising the
Board of Directors to resolve on the repurchase of the Company's own shares as
well as the issue of new shares and the granting of options and other special
rights providing entitlement to shares. 

All of the current Board Members (Dermot Smurfit, Don Coates, Ian Halliday,
Christopher Knight, Juha Niemelä and William Anthony Smith) were re-elected. In
addition, David Walton and Ulrich Scheufelen were elected as new Board members.
Dermot Smurfit was re-elected as Chairman of the Board of Directors. The term
of office of Board members lasts until the end of the Annual General Meeting in
2010. 

The Annual General Meeting resolved that the remuneration of the Board Members
be as follows: a fee of EUR 100,000 for the Chairman, a fee of EUR 50,000 for
the other Board Members and an additional compensation of EUR 10,000 for the
Chairmen of each of the Board's committees for the term ending at the close of
the Annual General Meeting in 2010. 

Ernst & Young Oy, an auditing entity authorised by the Central Chamber of
Commerce of Finland, was re-elected to act as auditors of the Company until the
end of the Annual General Meeting in 2010. 

www.powerflute.com

For additional information please contact:

Powerflute OYJ
Dermot Smurfit (Chairman)
Don Coates (Chief Executive Officer)		
c/o Billy Clegg, Financial Dynamics
+44 (0)20 7269 7157

Collins Stewart Europe Ltd:
Piers Coombs		
+44 (0)20 7523 8319

E.Öhman J:or Fondkommission AB:
Ms Arja Väyrynen		
+358 9 8866 6029

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

K Capital Source
Mark Kenny
Jonathan Neilan		
+353 (1) 631 5500