Finnair Oyj

Transaction in Own Shares • Dec 19, 2012

Disclosure 303676

Finnair Oyj - Changes in company's own shares

Finnair to start repurchases of own shares

Finnair Plc Stock Exchange Release 19 December 2012 at 9.00 am EET The Board of Directors of Finnair Plc has decided to utilise the authorisation given by the Annual General Meeting held on 28 March 2012 to repurchase the company's shares. The maximum number of shares to be acquired is 600,000 corresponding to about 0.47% of the total number of Finnair's shares and votes. The repurchases will decrease the distributable capital and reserves of the company, which according to last audited financial statements totalled 264.1 million euros. Finnair currently holds a total of 410,187 own shares, corresponding to approximately 0.32% of the total number of the shares and votes. In November 2012, Finnair's volume weighted average share price was 2.22 euros. If the maximum number of shares covered by the Board of Director's decision were acquired at this same price, the total price of such repurchases would be approximately 1.3 million euros. The share repurchases will start on 27 December 2012 at the earliest, and will end no later than the last of May 2013. The shares shall be acquired through public trading on the NASDAQ OMX Helsinki exchange at the market price prevailing at the time of repurchase. Repurchased shares will be used primarily for implementation of Finnair Group's share-based incentive scheme 2010-2012. The Board of Directors of Finnair Plc decided on the scheme in 2010, and its terms can be viewed on Finnair's website at www.finnairgroup.com under section Investors/Governance/Remuneration. Finnair's Board of Directors has an authorisation to acquire 5,000,000 of the company's own shares, which is valid until 28 September 2013. Finnair Plc Communications Further information: Finnair Media Desk tel. +358 9 818 4020, comms(a)finnair.fi Distribution: NASDAQ OMX Helsinki Principal media