Finnair Oyj — M&A Activity 2011

Aug 1, 2011

Competition authorities approved Flybe and Finnair acquisition of Finnish Commuter Airlines

Competition authorities approved Flybe and Finnair acquisition of Finnish Commuter Airlines

FINNAIR PLC STOCK EXCHANGE RELEASE 1 August 2011 AT 17:40

Finland's competition authorities have approved the acquisition, announced on
July 1, 2011, by which the company Flybe Nordic AB, jointly owned by Flybe and
Finnair, will purchase Finnish Commuter Airlines. Flybe owns 60% of Flybe
Nordic and Finnair 40%. Flybe will be in charge of the operative management of
the new company.

The joint vision of Flybe and Finnair is to build Flybe Nordic into the leading
regional airline of the Nordic countries and the Baltic area. In addition to
operating in Finland, the intention is to extend the new airline's network into
Sweden, Denmark, Estonia and Latvia.

Finnair Plc
Communications

Further information:
Arja Suominen, Senior Vice President, Communications and Corporate
Responsibility
tel. +358 9 818 4028