Finnair Oyj - Company Announcement

Finnair Board of Directors decides on an employee share savings plan

FINNAIR PLC  Stock Exchange Release 27 March 2013 at 02.25 p.m.


The Board of Directors of Finnair Plc has decided to launch an employee share
savings plan for Finnair employees. The objective of the plan is to encourage
the employees to become shareholders in the company, and thereby strengthen the
employees' interest in the development of Finnair's shareholder value, and
reward them. 

Participation in the share savings plan is voluntary. The plan will commence as
of 1 July 2013 with the first savings period being 12 months. The following
savings periods are subject to a separate Board decision. 

“We believe the plan will be of interest to all our employee groups”, says
Harri Sailas, Chairman of the Finnair Board of Directors. “The plan is one way
of rewarding employees and it offers Finnair employees the possibility to
become Finnair shareholders with favorable terms and in an easy way.” 

Through the plan each eligible Finnair employee is offered the opportunity to
save part of his or her base salary to be invested in Finnair shares. Finnair
awards each participant one share for each two purchased shares after a holding
period of approximately two years. The awarded additional shares are taxable
income for the recipient. 

To increase the attractiveness of the plan, each employee participating at
least in the first three months of the plan will additionally be awarded 20
bonus shares in October 2013. The plan will be offered to approximately 6,000
Finnair employees in Finland. The maximum monthly savings are eight per cent
and the minimum are two per cent of each participant's gross base salary during
one month, however EUR 8.000 per participant per year in the maximum. The total
amount of all savings in 2013—2014 may not exceed EUR 7.5 million, which equals
approximately 2 780 000 shares using the 26 March 2013 closing share price of
EUR 2.70. 

Shares will be purchased with the accumulated savings at the market price
quarterly, after the publication dates of the Finnair's interim results,
commencing in October 2013. Any dividends paid on purchased shares during the
commencing savings period will be reinvested into Finnair shares on the
following purchase date. These shares will have equal rights to additional
shares. 

Finnair uses Alexander Corporate Finance Oy as advisor in the designing of the
plan, and Evli Alexander Management Oy will serve as plan administrator. 

Helsinki 27 March 2013

FINNAIR PLC
The Board of Directors

Further information: Finnair Media Desk, +358 9 818 4020, comms(at)Finnair.com

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