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FutureFuel Corp (FFU)

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Thursday 26 July, 2007

FutureFuel Corp

Re 2006 Financial Statements

FutureFuel Corp
26 July 2007


26 July 2007

                                FUTUREFUEL CORP.

             Non-Reliance on Previously Issued Financial Statements

FutureFuel Corp. (the 'Company') has been informed by its independent public
accountants KPMG LLP ('KPMG') that, notwithstanding its Report of Independent
Public Accountants issued on April 23, 2007, a copy of which is published in the
Company's 2006 Annual Report, the Company's annual financial statements for the
year ended December 2006 have not been prepared in accordance with U.S.
Generally Accepted Accounting Principles. Based upon the previous
recommendations of KPMG, the Company applied 'reverse acquisition' accounting to
the October 31, 2006 acquisition of Eastman SE, Inc ('Eastman SE'). It is now
KPMG's opinion that the Company should have applied 'purchase' accounting in
relation to the acquisition of Eastman SE and therefore the Company's previously
issued financial statements are not in conformity with the U.S. Generally
Accepted Accounting Principles.

The Company issued consolidated financial statements with its 2006 Annual
Report, including its consolidated balance sheets as at December 31, 2006 and
2005 and its consolidated statements of operations, statements of cash flows and
statements of changes in stockholders' equity for each year of the three-year
period ended December 31, 2006.

In addition, included in Amendment No. 1 to the Form 10 Registration Statement
filed on June 23, 2007 with the U.S. Securities and Exchange Commission pursuant
to Section 12(g) of the U.S. Securities Exchange Act of 1934, as amended, the
Company included (i) its consolidated balance sheets as of March 31, 2007; (ii)
its consolidated statements of operations for the three months ended March 31,
2007; and (iii) its consolidated statements of cash flows for the three months
ended March 31, 2007. These financial statements should no longer be relied
upon.

The Company has therefore requested that trading of its ordinary shares and
warrants on AIM be suspended immediately until the Company is able to restate
and issue its financial statements and apply purchase accounting to such
acquisition. At this stage, the Company is unable to assess whether its restated
financial statements will differ materially from those previously published.

Further announcements will be made when appropriate.


Enquiries:
Lee Mikles, CEO       FutureFuel Corp.                       +1 805 565 9800

Matt Goode / Daniel
Harris                KBC Peel Hunt Ltd (Nominated Adviser)  +44 20 7418 8900





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