Finnair Oyj - Company Announcement

ISLANDIC SIGURDUR HELGASON NOMINEE FOR FINNAIR BOARD

FINNAIR PLC   STOCK EXCHANGE RELEASE   21 MARCH 2007  AT1600 

ISLANDIC SIGURDUR HELGASON NOMINEE FOR FINNAIR BOARD                            

Islandic FL Group h.f. has announced to the company that it will propose the    
election of Sigurdur Helgason to the Finnair Plc Board of Directors in the      
Annual General Meeting instead of previously announced Hannes Smarason. Helgason
is the former CEO of Icelandair and is independent of Finnair Plc owners.       

“According to FL Group's proposal, Helgason would be a neutral member of the    
Board and a clear majority of Finnair owners is ready to accept the proposal. He
has strong experience from the industry and building gateway traffic. Icelandair
has a similar network strategy towards the west as Finnair has from Europe to   
Asia,” says President of the Finnair Plc Board of Directors Christoffer Taxell. 

“There were conflicts of interest related to FL Group's previous nominee for the
Board of Directors because FL Group has an ownership connection to Sterling     
airline, which is a competitor of Finnair subsidiary FlyNordic. This conflict of
interest disappeared with FL Group's new proposal,” Taxell states.              

Of the previous Board Members up for election to the Finnair Board of Directors 
are Kalevi Alestalo, Satu Huber, Markku Hyvärinen, Kari Jordan, Ursula Ranin,   
Veli Sundbäck and Christoffer Taxell.                                           

To participate in the Finnair Annual General Meeting, FL Group has registered a 
17.35 per cent ownership in Finnair.                                            

Finnair Plc                                                                     
Communications                                                                  
21.3.2007