2023-01-27 12:25:00 CET

2023-01-27 12:25:13 CET


Finnair Oyj - Other information disclosed according to the rules of the Exchange

CORRECTION: Proposals by Finnair's Shareholders' Nomination Board to the Annual General Meeting 2023

Finnair Plc               Stock Exchange Release                27 January 2023
at 1.25 p.m. EET

Number of members of the Board of Directors

The Shareholders' Nomination Board proposes to the AGM 2023 to be held on 23
March 2023 that the number of members of the Board of Directors would be
confirmed as eight (8).

Composition of the Board of Directors

The current members of Finnair's Board of Directors are Tiina Alahuhta-Kasko,
Montie Brewer, Jukka Erlund, Hannele Jakosuo-Jansson, Jouko Karvinen, Henrik
Kjellberg, Simon Large and Maija Strandberg. The Shareholders' Nomination Board
proposes to the AGM 2023 that the abovementioned persons be re-elected,
exclusive of Jouko Karvinen and Maija Strandberg who have informed the
Shareholders' Nomination Board that they will not be available in the election
of the Board in the next AGM. The Nomination Board proposes that Sanna Suvanto
-Harsaae, independent non-executive director, and Minna Pajumaa, Senior
Financial Counsellor at the Government Ownership Steering Department, be elected
as new members of the Board. Currently, Ms. Suvanto-Harsaae acts in several
Nordic boards either as a chair or as a member. In addition to her current
position, Ms. Pajumaa is a Board member in Posti Group Oyj and Gasum Oy.

The Shareholders' Nomination Board further proposes that Sanna Suvanto-Harsaae
be elected as the Chair of the Board.

“We would like to warmly thank Jouko Karvinen for his strong input and committed
work as the Chair of Finnair's Board of Directors especially during the last few
years when the company faced consecutive crises in the form of the COVID-19
pandemic and the closure of Russian airspace”, says the Chair of the Nomination
Board Kimmo Viertola.

All candidates have given their consent to the position and all, except Minna
Pajumaa, are independent of the company and its significant owners. Minna
Pajumaa is not deemed to be independent of the company's significant owners as
she is a civil servant of the government of Finland.

The biographical details of the Board members proposed for election can be found
at Finnair's company website: investors.finnair.com/en.

Proposal on Board members' remuneration

The Shareholders' Nomination Board proposes to the AGM 2023 that it would decide
on the same annual remuneration of the members of the Board as the AGM 2022, and
that the annual remunerations would be as follows:

  · Chair 63,000 euros;
  · Vice Chair 32,700 euros;
  · Chairs of the Audit Committee and People and Remuneration Committee 32,700
euros, where these individuals are neither the Chair nor the Vice Chair of the
Board; and
  · Other members 30,300 euros per year.

In addition to the annual remuneration, each member's fee for a meeting of the
Board or its Committee is 600 euros when the meeting takes place in the member's
country of residence and 2,400 euros for other meetings. For remote and
telephone meetings, the fee is 600 euros.

The Board members are entitled to reimbursement of reasonable travel expenses in
accordance with the company's general expenses policy.

The Board members and their spouses are entitled to discounted travel on the
company's flights in accordance with the company's discount ticket policy
regarding the Board of Directors.

Composition of the Shareholders' Nomination Board

The members of the Shareholders' Nomination Board are Kimmo Viertola, Director
General of the Ownership Steering Department in the Prime Minister's Office of
Finland; Timo Sallinen, Head of Listed Securities, Varma Mutual Pension
Insurance Company; Esko Torsti, Head of Cross Asset Allocation, Ilmarinen Mutual
Pension Insurance
Company; and Jouko Karvinen, Chair of Finnair's Board. Shareholders' right to
appoint their representatives in the Shareholders' Nomination Board was based on
the shareholder register of 1 September 2022.

The above proposals will be included also in the invitation to the AGM 2023,
which will be published later.

Further information:

Chair of the Nomination Board Kimmo Viertola, Director General, Government
Ownership Steering Department, tel. +358 2 9516 0026


Principal media

Finnair is a network airline, specialising in connecting passenger and cargo
traffic between Asia, North America and Europe. Sustainability is at the heart
of everything we do -  Finnair intends to reduce its net emissions by 50% by the
end of 2025 from the 2019 baseline and achieve carbon neutrality latest by the
end of 2045. Finnair is a member of the oneworld alliance. Finnair Plc's shares
are quoted on the Nasdaq Helsinki stock exchange