Finnair Oyj - Company Announcement

The Shareholders' Nomination Committee's proposal on the composition of the Board of Directors of Finnair Plc

FINNAIR PLC   STOCK EXCHANGE RELEASE   21 MARCH 2012 at 15:15 EET



The Shareholders' Nomination Committee has given its new proposal on the
composition of the Board of Directors of Finnair Plc.  The Committee proposes
to Finnair Plc's Annual General Meeting (AGM) to be held on Tuesday 28 March
2012 that the number of members of the Board of Directors would be confirmed at
seven. 



Proposal on the composition of Board of Directors

The Shareholders' Nomination Committee proposes that present members of the
Board of Directors Mr. Harri Kerminen and Mr. Harri Sailas be re-elected, and
that Ms. Maija-Liisa Friman, Mr. Klaus W. Heinemann, Mr. Jussi Itävuori, Ms.
Merja Karhapää and Ms. Gunvor Kronman be elected as new members to the Board of
Directors. The Committee further proposes that Mr. Harri Sailas be re-elected
as Chairman of the Board. All candidates have given their consent to the
position. 

Ms. Maija-Liisa Friman (b. 1952, Finnish nationality) was President and CEO of
Aspocomp Group Oyj in 2004-2007, Managing Director of Vattenfall Oy in
2000-2004 and President of Gyproc Oy in 1993-2000. She is Vice Chairman of the
Board of Metso Corporation, Chairman of the Audit Committee of TeliaSonera
Board of Directors, Member of the Board of Neste Oil Oyj, Chairman of the Board
of Ekokem, Member of the Board of LKAB and Chairman of the Board of Helsinki
Deaconess Institute. She is also Member of the Board and Partner of Boardman
Oy. Friman holds a Master of Science in Chemical Engineering from Helsinki
University of Technology. 

Mr. Klaus W. Heinemann (b. 1951, German nationality) has over 25 years of
experience in the aviation financing industry. Heinemann was the Chief
Executive Officer of AerCap Holdings N.V., a NYSE-listed global aircraft
leasing company, in 2003-2011. He joined AerCap Holdings in 2002 from DVB Bank,
focused on transport financing, where he was a Member of the Executive Board.
Prior to DVB Bank Heinemann was Global Head of Aviation/Shipping at the
Long-Term Credit Bank of Japan  (LTCB) and the Co-Head of LTCB's London branch.
In 1976-1988 he worked for Bank of America, where his last position was as Head
of Aviation for EMEA Division.  He holds the degree of Diplom Kaufmann
(Bachelor of Commerce) from the University of Hamburg. 

Mr. Jussi Itävuori (b. 1955, Finnish nationality) is Head of Human Resources
for and a Member of the Executive Committee of the European Aeronautic Defence
and Space Company EADS since 2001. He has over 30 years of experience in
international business, particularly in human resource management. From 1982 to
2001, Itävuori worked in several human resources management positions with the
elevator manufacturer KONE Corporation, lastly as Senior Vice President of
Human Resources and Communication and as Member of the Corporate Management
Group between 1997 and 2011. Prior to joining KONE, Itävuori worked with Kesko,
a wholesale company. Currently he is Member of the Board of Patria Oyj.
Itävuori has Master's degree from the Vaasa School of Economics. He served as a
pilot in the Finnish Air Force before beginning his studies. 

Ms. Merja Karhapää, (b. 1962, Finnish nationality) works as Head of Group Legal
Affairs at Sanoma Corporation. Prior to assuming her current position in 2008,
she worked as Vice President, Group Legal Affairs of SanomaWSOY (currently
Sanoma Corporation) since 2000. Previously Karhapää was Vice President,
Intellectual Capital, Trademark Counsel and Assistant General Counsel of Cultor
(currently Danisco) in 1996-2000 and Corporate Counsel of Sanoma and that of
Valmet. Karhapää is Member of the Board of Biotie Therapies Corporation. She
holds the Master of Laws degree from University of Helsinki. 

Ms. Gunvor Kronman (b. 1963, Finnish nationality) is the CEO of Swedish-Finnish
Cultural Centre. Prior to her current position she worked in several positions
with the International Red Cross in 1987-1996 and as Senior Advisor of Nordic
Council in Denmark in 1996-1999. She started her career as journalist in
Finnish Broadcasting Company YLE in 1983-1987. She is Vice Chairman of the
Boards of Crisis Management Initiative, Finnish Broadcasting Company YLE and
Helsinki Music Hall. She is also members of the Boards of Helsinki University,
Swedish Royal National Theater Dramaten (Sweden), Finnish Red Cross Blood
Service, Konstsamfundet and Victoria Augusta Hospital (Israel). Kronman has
Master degree in Philosophy from the University of Helsinki. 

The biographical details of Mr. Harri Kerminen and Mr. Harri Sailas can be
found on the internet at www.finnairgroup.com/group. 

The above proposal replaces the Committee's earlier proposal on the composition
of the Board given on 1 February 2012. 



Proposal on Board of Directors' remuneration

The Committee renews its proposal on the remuneration of the Board of Directors
and proposes to the AGM that the remunerations of the members of the Board of
Directors would remain unchanged. The current remunerations are: 
- the Chairman 61,200 euros per year
- the Vice Chairman 32,400 euros per year
- the other members 30,000 euros per year
- to a member residing in Finland 600 euros and to a member residing abroad
1,200 euros per meeting of the Board or its Committee. 



The Nomination Committee

The Shareholders' Nomination Committee consists of the representatives of the
three largest shareholders of Finnair as of 1 November 2011. The members of the
Committee were Mr. Jarmo Väisänen, (State of Finland), Mr. Robin Backman (the
Local Government Pensions Institution) and Mr. Michael Gobitschek (Skagen
Global Verdipapirfond). The Chairman of Finnair's Board, Mr. Harri Sailas
served as expert member of the Committee. 



For further information, please contact:
Jarmo Väisänen, Senior Financial Counsellor, Prime Minister's Office, Chairman
of the Shareholders' Nomination Committee, tel. +358 9 1602 3015. 



Finnair Plc
Communications
21 March 2012