27 May 2016

POWERFLUTE OYJ

DISTRIBUTION OF 2015 ANNUAL REPORT

Powerflute Oyj ('Powerflute' or the 'Group') confirms that in conjunction with Rule 19 of the AIM Rules for Companies (the 'AIM Rules'), copies of the Group's Annual Report for the year ended 31 December 2015 have been sent to its shareholders.

Ends

For further information, please contact:

Powerflute

Dermot Smurfit (Chairman)

Marco Casiraghi (CEO)

David Walton (CFO)

c/o Oliver Winters, FTI Consulting

+44 20 3727 1535

Numis Securities

Mark Lander (Corporate Broking)

Andrew Holloway / Jamie Lillywhite (Nominated Advisor)

+44 20 7260 1000

FTI Consulting

Oliver Winters

Tom Hufton

+44 20 3727 1535

About Powerflute

Powerflute is a paper and packaging group quoted on the AIM market of the London Stock Exchange (Ticker: POWR)which seeks to acquire businesses with strong fundamentals whose performance can be improved through a combination of management focus and targeted investment.

The Group currently has two main activities; Packaging Paperswhich trades under the name Powerflute and operates a paper mill in Kuopio, Finland producing a specialised form of Nordic semi-chemical fluting used in the manufacture of high-performance corrugated board; and Coreboard and Cores, which trades under the name Corenso and is a leading international manufacturer of high performance coreboard and cores, with coreboard mills in the United States and Europe and a network of core producing facilities in Europe, North America and China.

Nordic semi-chemical fluting is made from locally sourced birch and boxes manufactured using it demonstrate superior strength and moisture resistance and are used for transportation of fruit and vegetables, high-value industrial goods such as electrical appliances and automotive components. The Kuopio mill is one of only three suppliers of Nordic semi-chemical fluting in Europe.

Cores and coreboard are manufactured from recycled paper and are used for applications in paper, packaging, textiles, steel, aluminium and many other industries. Coreboard and cores produced by Corenso demonstrate superior strength and rigidity and are suitable for use in the most demanding applications.

For further information, please visit www.powerflute.com.

Powerflute Oyj published this content on 27 May 2016 and is solely responsible for the information contained herein.
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