Finnair Oyj - Company Announcement

FINNAIR ISSUES EUR 120 MILLION HYBRID BOND

FINNAIR PLC		STOCK EXCHANGE RELEASE		18.9.2009



Finnair Plc has resolved to issue a EUR 120 million domestic hybrid bond. The
coupon rate of the bond is 9.00% per annum. The bond has no maturity but the
company may call the bond after four years. The bond was oversubscribed. 

“The hybrid bond will be used to finance the investment programme and to
strengthen the Group's capital structure. The arrangement provides us with a
solid ground to work further in order to improve our profitability”, says
Finnair's Group Treasurer Mika Stirkkinen. 

Hybrid bond is a bond which is subordinated to the company's other debt
obligations and treated as equity in the IFRS financial statements. Hybrid
bonds do not confer to holders the right to vote at shareholder meetings and do
not dilute the holdings of the current shareholders. 

The lead manager of the bond issue was Nordea Markets.

Finnair Plc
Communications
18.9.2009

Additional information:

Mika Stirkkinen, VP, Group Treasurer, tel +358 9 818 4960