Finnair Oyj - Company Announcement

Finnair completes the tender offer of its hybrid bond issued in 2009 in exchange for cash

Finnair PLC STOCK EXCHANGE RELEASE 22 NOVEMBER 2012 AT 12:00 EET

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
INTO THE UNITED STATES, CANADA, AUSTRALIA, HONG KONG, SOUTH AFRICA OR JAPAN OR
ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. 



Finnair completes the partial tender offer for its EUR 120 million hybrid bond
(ISIN: FI4000005798) issued in 2009. Finnair tenders a nominal amount of EUR
67.65 million in exchange for cash. 

 The bond transaction is priced at 102.000 percent of the nominal amount of
such bond plus the accrued interest until the settlement date 26 November 2012
after the last interest payment date. 

 After completing this tender offer, Finnair will have two outstanding hybrid
bonds. The first one, issued in 2009, amounts post-tender offer to EUR 52.35
million, and it will have its (first) call date is 7. October 2013. The second
one, to be issued on 26 November 2012, will amount to EUR 120 million, and the
first call date is 26 November 2016. 

 Nordea Markets acts as a dealer manager and as a tender agent for the
transaction. Castrén & Snellman Attorneys Ltd acts as legal advisor to Finnair. 



Further information
Finnair Media Desk, puh. +358 9 818 4020, comms(at)finnair.com

Distribution:

NASDAQ OMX Helsinki

Principal media



Disclaimer

This release is for informational purposes only and is not to be construed as
an offer to purchase or sell or a solicitation of an offer to purchase or sell
with respect to any hybrid bond. The distribution of this release and the
related material concerning the issuance of the new hybrid bond and the
invitation to tender the outstanding hybrid bond are prohibited by law in
certain countries. The new hybrid bond is not being offered and the tender
offer for the outstanding hybrid bond is not made to the public either inside
or outside of Finland. Persons resident outside of Finland may receive this
release and the related hybrid bond documentation only in compliance with
applicable exemptions or restrictions. Persons into whose possession this
release and the related hybrid bond documentation may come are required to
inform themselves about and comply with such restrictions. This release and the
related hybrid bond documentation may not be distributed or published in any
country or jurisdiction if to do so would constitute a violation of the
relevant laws of such jurisdiction or would require actions under the laws of a
state or jurisdiction other than Finland, including the USA, Canada, Australia,
Hong Kong, South Africa and Japan. The information contained herein shall not
constitute an offer to sell or tender, or a solicitation of an offer to buy or
sell Finnair's hybrid bond to any persons in any jurisdiction in which such
offer, solicitation or sale or tender would be unlawful. Finnair's
representatives assume no legal responsibility for such violations, regardless
of whether the parties contemplating investing in or divesting Finnair's hybrid
bond are aware of these restrictions or not. Finnair's hybrid bond has not been
and will not be registered under the US Securities Act of 1933, nor under any
securities legislation of any state in the United States, and it may not be
offered, sold, resold delivered, distributed, bought or transferred in the
United States or to US citizens or on behalf of US citizens, except pursuant to
an exemption from the registration requirements of the Securities Act of 1933
and any applicable state law legislation.