TRANSACTION IN OWN SHARES

25 May 2012

POWERFLUTE

TRANSACTION IN OWN SHARES

Powerflute Oyj (“Powerflute” or the “Company”), the packaging and paper group, announces that in accordance with the authority granted by shareholders at the Annual General Meeting held on 26 April 2012, it purchased and transferred into Treasury 1,054,280 of its own shares and depositary interests on 24 May 2012.

The Company purchased 500,000 depositary interests, each of which provides a beneficial interest in one ordinary share. The highest price paid was 25.0 pence per depositary interest and the lowest price paid was 25.0 pence per depositary interest.

The Company purchased 554,280 ordinary shares. The highest price paid was 31.0 euro cents per share and the lowest price paid was 31.0 euro cents per share.

Including shares and depositary interests which have been purchased but not yet settled, the Company holds 2,000,000 of its shares in Treasury, representing 0.7% of the total voting rights in the Company.

The number of shares in issue (excluding shares held in Treasury) is now 287,818,174. This number represents the total voting rights in the Company and may be used by shareholders as the denominator for calculations by which they can determine if there is any obligation under the Company’s Articles of Association for them to notify their interest, or a change in their interest, in the Company.

This announcement does not constitute or form part of an offer or any solicitation of an offer to purchase or subscribe for securities in any jurisdiction and is in conformity with the Financial Services Authority’s Disclosure and Transparency Rules.

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