Finnair Oyj - Company Announcement

PRELIMINARY RESULT OF THE FINNAIR'S SHARE OFFERING

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


PRELIMINARY RESULT OF THE FINNAIR'S SHARE OFFERING                      
The subscription period in the rights issue of Finnair Plc ended on 17 December 
2007. According to the preliminary result, 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 5,300        
investors participated in the offering.                                         

Finnair and the joint global coordinators of the offering have today entered    
into an agreement regarding the placement of the approximately 160,000 shares   
left unsubscribed for in the offering. Based on the agreement, the joint global 
coordinators will seek to procure purchasers for these shares with the aim of   
completing such potential sale as soon as practicable. 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 interim shares, representing the shares subscribed for in the offering,     
commenced trading today 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 will publish the final results of the rights issue on or about 20       
December 2007, following the approval of the subscriptions by the Board of      
Directors.                                                                      

Finnair Plc                                                                     
Communications                                                                  
December 18, 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The information contained herein is not for publication or distribution,        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."