Finnair Oyj - Company Announcement

Negotiations on Norra ownership continue

Finnair Plc Stock Exchange Release 6 August 2015 at 10:30 a.m. EET

Finnair, Staffpoint Holding Ltd (Staffpoint) and G.W. Sohlberg Ltd (GWS) have
previously indicated an intention to conclude a transaction whereby 60 percent
of the shares in Nordic Regional Airlines AB would be transferred to the
ownership of Staffpoint and GWS. As of 31 March 2015, Finnair has owned 100
percent of the company during an interim permission by the Finnish Competition
and Consumer Authority (FCCA). Due to the negotiations being protracted and the
interim permission expiring, Finnair has now filed an application with the FCCA
to approve the current ownership structure.

However, negotiations on the ownership arrangements of Nordic Regional Airlines
AB continue, and Finnair expects the transaction to proceed within the next few
months. The delay is due to the need of the parties to assess even more
thoroughly the alternative traffic models of regional flying in a constantly
developing operating environment.

Nordic Regional Airlines AB owns the entire share stock in its Finnish
subsidiary Nordic Regional Airlines Oy (Norra). Norra operates a fleet of 26 ATR
and Embraer planes on Finnair's domestic and European routes. The company
previously operated under the name Flybe Finland Oy.

On 7 January 2015, Finnair signed a Memorandum of Understanding with Staffpoint
and GWS on a transaction whereby Staffpoint and GWS would jointly acquire from
Flybe Ltd its 60 percent majority stake in Finnair's and Flybe Ltd's joint
venture company, Nordic Regional Airlines AB. While the negotiations continued,
Finnair acquired Flybe Ltd's stake, and Flybe Nordic was thus transferred
entirely to Finnair's ownership on 31 March 2015. Finnair has issued stock
exchange releases on the Norra transactions on 12 November 2014, 7 January 2015,
29 January 2015 and 31 March 2015.
Further information:
Finnair communications, tel. +358 9 818 4020, comms(a)finnair.com

Distribution:
Nasdaq Helsinki
Principal media