Trading Update and Fundraising


POWERFLUTE OYJ

                (“Powerflute” or the “Company”)
20 October 2010                                

TRADING UPDATE AND 3 FOR 4 RIGHTS ISSUE AND PLACING TO RAISE APPROXIMATELY EUR  
19.9 MILLION                                                                    

Powerflute today announces a share issue to raise proceeds of approximately EUR
19.9 million by way of a 
Rights Issue and Placing, together with an update on trading.

Attachments

project pulp announcement of the placing and rights issue final 20.10.10.pdf