Finnair Oyj - Company Announcement

Finnair has sold its shareholding in Norwegian for approximately 53 million euros and records a capital gain of approximately 34 million euros

Finnair Plc         Stock Exchange Release           22 April 2013 at 09:18
a.m. EET 



Finnair has sold today its entire holding of 1,649,862 shares, representing
4.69% of total shares, in Norwegian Air Shuttle ASA (Norwegian). The shares
were sold for approximately 53 million euros, and Finnair's capital gain for
the transaction totalled approximately 34 million euros. It will be recorded as
financial income in Finnair's second quarter 2013 accounts. 

Finnair's holding in Norwegian was included in Finnair's 2012 Financial
Statements in other short-term financial assets and it was valued at fair
value. The proceeds from the sale will be used for the development of the
Finnair and implementation of its growth strategy. The sale of Norwegian shares
increases Finnair's shareholders' equity by approximately 16 million euros
compared to 31.12.2012 level. 

 Norwegian shares were transferred to Finnair in 2007 in connection with the
sale of Finnair's Swedish subsidiary FlyNordic to Norwegian. The transaction
was then implemented as a share-swap. 



Further information:
Finnair Media Desk, tel. +358 9 818 4020, comms(a)finnair.com


Distribution:
NASDAQ OMX Helsinki
Principal Media