Finnair Oyj - Company Announcement

Proposals of The Shareholders' Nomination Committee on the composition and remuneration of the Board of Directors of Finnair Plc

FINNAIR PLC   STOCK EXCHANGE RELEASE   FEBRUARY, 1 2012 at 11:00 EET



The Shareholders' Nomination 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 eight. 


Proposal on the composition of Board of Directors

The Shareholders' Nomination Committee proposes that present members of the
Board of Directors Ms. Elina Björklund, Mr. Sigurður Helgason, Ms. Satu Huber,
Mr. Harri Kerminen, Ms. Ursula Ranin, Mr. Harri Sailas and Mr. Pekka Timonen be
re-elected, and that Mr. Klaus W. Heinemann be elected as a new member 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. 

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. 

The biographical details of the other proposed board members can be found on
the internet at www.finnairgroup.com/group. Of the current board members Mr.
Veli Sundbäck has advised that he will not stand as a candidate for 2012. 


Proposal on Board of Directors' remuneration

The Committee 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. 

The above proposals will be included in the notice to convene the AGM that will
be published later. 


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
1 February 2012