Finnair Oyj - Company Announcement

FINNAIR'S SHARE OFFERING FULLY SUBSCRIBED

Not for release, publication or distribution, directly or indirectly, in or
into the United States, Canada, Australia or Japan. 


FINNAIR'S SHARE OFFERING FULLY SUBSCRIBED


According to the final result of the rights issue of Finnair Plc approximately
39.2 million shares were subscribed for in the offering equalling approximately
99.6 percent of all the shares (excluding Finnair's own shares) offered.
Approximately 5,360 investors participated in the offering. 

In addition, the joint global coordinators of the offering have also committed
to procure purchasers for all the approximately 154,000 shares that were not
subscribed for based on the subscription rights. The joint global coordinators
shall pay the net proceeds of any such sale (proceeds from the sale of any
remaining offer shares less the subscription price of 6.30 euros per share, the
fees of the joint global coordinators, any transfer tax and other costs) to the
holders of the unexercised rights that had entitled the holders thereof to
subscribe for such remaining offer shares. It is expected that the net proceeds
will be paid on or about 4 January 2008. 

The Board of Directors of Finnair has today approved all the subscriptions. The
gross proceeds raised by Finnair in the offering were approximately 248.1
million euros prior to deduction of fees and expenses. As a result of the
offering, the total number of Finnair's shares will increase to 128,136,115.
The shares subscribed for will entitle their holders to full dividends declared
by Finnair and all other rights in the company conferred by the shares after
the shares have been registered with the Trade Register. 


The interim shares, representing the shares subscribed for in the offering,
commenced trading on 18 December 2007 on the Helsinki Stock Exchange. The
shares subscribed in the offering will be registered with the Finnish Trade
Register and the interim shares will be combined with Finnair's existing shares
on 28 December 2007. 

Finnair Plc
Communications
December 20, 2007

The information contained herein is not for publication or distribution,
directly or indirectly, in or into the United States, Canada, Australia or
Japan.  These written materials do not constitute an offer of securities for
sale in the United States, nor may the securities be offered or sold in the
United States absent registration or an exemption from registration as provided
in the U.S. Securities Act of 1933, as amended, and the rules and regulations
thereunder.  There is no intention to register any portion of the offering in
the United States or to conduct a public offering of securities in the United
States. 

The information contained herein shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the securities
referred to herein in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration, exemption from registration or
qualification under the securities laws of any such jurisdiction. 

This document does not constitute an offer of securities to the public in the
United Kingdom.  No prospectus has been or will be approved for publication in
the United Kingdom in respect of the securities.  Consequently the securities
must not be sold or offered for sale in the United Kingdom, except to persons
who fall within the exemptions set out in the Financial Services and Markets
Act 2000 (Financial Promotion) Order 2005, as amended. 

Danske Bank A/S ("Danske Markets") and UBS Limited ("UBS Investment Bank") are
acting for Finnair and for no-one else in connection with the potential share
offering and will not be responsible to anyone other than Finnair for providing
the protections afforded to the respective clients of Danske Markets or UBS
Investment Bank nor for providing any advice in relation to the potential share
offering."