Change in Finnair’s Shareholders’ Nomination Board

Regulatory News:

Finnair Plc (HEX:FIA1S) Stock Exchange Release 15 December 2014 at 1:45 p.m EET

Per Wennberg, nominated to Finnair's Shareholders' Nomination Board by Skagen funds, has decided to resign the Board following the decision of Skagen funds to sell down their shareholding in Finnair. Skagen funds was one of the three largest shareholders of Finnair. According the rules of the Shareholders’ Nomination Board, the shareholder eligible to appoint the succeeding member to Mr. Wennberg is the fourth largest shareholder of Finnair Plc as of the first weekday in September 2014 based on the registered holdings in Finnair's shareholder register. The fourth largest shareholder was Ilmarinen, who has nominated Managing Director Harri Sailas to the Shareholders’ Nomination Board.

The other members of the Board are Eero Heliövaara, Director General of the Government Ownership Steering Department, Prime Minister's Office (Chairman); Robin Backman, Portfolio Manager, KEVA; and Klaus Heinemann, Chairman of Finnair's Board of Directors.

The purpose and task of the Nomination Board is to prepare and present a proposal to the Annual General Meeting on the number of the members of the Board of Directors, on the members of the Board of Directors as well as on their remuneration. In addition, the Nomination Board is responsible for identifying candidates as potential board members.

The now appointed Nomination Board will forward its proposals for the Annual General Meeting to Finnair's Board of Directors by 31 January 2015. More information on the Shareholders’ Nomination Board is available at http://www.finnairgroup.com/governance/governance_4.html

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