Finnair Oyj - Company Announcement

Shareholders' Nomination Committee to prepare a new proposal on the members of the Board of Finnair

FINNAIR PLC        STOCK EXCHANGE RELEASE         MARCH, 15 2012 at 11:08 EET

Minister Heidi Hautala, responsible for Ownership Steering in the Prime
Minister's Office, has assigned Senior Financial Counsellor Jarmo Väisänen to
convene the Shareholders' Nomination Committee of Finnair as soon as possible,
and to prepare a new proposal concerning the composition of Finnair's Board of
Directors at the company's Annual General Meeting to be held on 28 March 2011.
Minister Hautala believes that Board members who in autumn 2009 participated in
decision-making concerning management's special retention bonuses will not be
able to credibly serve as Finnair Board members in the future. 

The Shareholders' Nomination Committee comprises, based on their ownership in
Finnair as of 1 November 2011, representatives of the Finnish State, Local
Government Pensions Institution and Skagen Global Verdipapirfond, i.e. Jarmo
Väisänen, Robin Backman and Michael Gobitschek respectively. 

Finnair will disclose the Nomination Committee's new proposal on Board members
as soon as the Committee has submitted its proposal to Finnair's Board. 

Further information: Finnair Communications, tel +358 9 818 4020,
comms(at)finnair.com