POWR.L Regulatory News (POWR)

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Powerflute Oyj

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

YES

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

NO

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

NO

An event changing the breakdown of voting rights

NO

Other (please specify):

3. Full name of person(s) subject to the notification obligation:

BESTINVER GESTION S.A., SGIIC

4. Full name of shareholder(s) (if different from 3.):

See Annex attached (investment institutions and pension funds represented by Bestinver Gestión S.A. SGIIC)

5. Date of the transaction and date on which the threshold is crossed or reached:

07.08.09

6. Date on which issuer notified:

7. Threshold(s) that is/are crossed or reached:

12%

8. Notified details:

A: Voting rights attached to shares

Class/type of shares

if possible using the ISIN 

CODE

FI0009015291

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

16.979.888

Number of Voting Rights

16.979.888

Number of shares

Number of voting rights

% of voting rights

Direct

Direct

Indirect

17.979.888

Direct

Indirect

12,416%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ Conversion Period

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date

Exercise/ Conversion period

Number of voting rights instrument refers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

17.979.888

12,416%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

Bestinver Gestión S.A. SGIIC is a Spanish fund management company. As a fund management company it exercises the voting rights attached to the shares property of the investment institutions it manages and represents. Additionally, Bestinver Gestión S.A. SGIIC has been granted a power of attorney to exercise the voting rights attached to the shares under the property of the pension funds managed by Bestinver Pensiones EGFP, S.A. 

Please find attached the Annex with detail of the holdings of each investment and pension fund. Please notice that Bestinver Internacional F.I. and Bestinfond F.I. have a holding equal to 4,92% and 3,69% of Powerflute Ovi, respectively. 

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

14. Contact name:

Elena Morris Sanz

15. Contact telephone number:

+34 91 595 91 58