CORPORATE MANAGEMENT AND GROUP STRUCTURE

President & CEO and Deputy CEO
Finnair Plc has a President & CEO, whose task is to manage the company's operations according to guidelines and instructions issued by the Board of Directors. Finnair Plc's President & CEO as of 1 February 2010 is Mika Vehviläinen, M.Sc. (Econ.), b. 1961.

The pension of the President & CEO accrues according to the Employees' Pensions Act. Furthermore, a collective payment-based additional pension programme will be created for the company, and the President & CEO will be included in this programme. The central criteria for the programme regarding the President & CEO are: retirement age is 63 years, a yearly payment that is 20% of December's total salary from the previous financial year multiplied by 12.5, and dormant pension rights (100%) after each payment, provided that the employment period exceeds 48 months.

Termination of the agreement, severance pay

Both parties have the right to terminate the agreement without any specific grounds. The company must provide a period of notice equalling twelve (12) months, and the President & CEO must provide a period of notice equalling six (6) months.

If the company terminates the agreement, the President & CEO will be paid a severance compensation package corresponding to twelve (12) months' total pay in addition to the pay for the period of notice. In the case of the death of the President & CEO, instead of the pay for the period of notice and the severance pay, the beneficiaries of the President & CEO will receive a separate compensation sum corresponding to six months' total pay.

The monthly salary of President & CEO Mika Vehviläinen is EUR46,000.

Finnair's Executive Board and Group Structure
As of 1 October 2009 business and subsidiaries have been grouped into three operational entities: Airline Business, Travel Services and Aviation Services. Airline Business is further divided into Sales & Marketing, Operations and Customer Service. Travel Services consists of the Group's travel agencies, tour operators and distribution companies. Aviation Services includes ground handling operations, Finnair Technical Services and catering activities. The support functions in Group Administration are Economics and Finance, Human Resources Management, Communications and Community Relations, Resource Management, Business Development and Legal Affairs.

The Executive Board is as follows: President & CEO 2010 Mika Vehviläinen), SVP Communications and Community Relations Christer Haglund, Chief Financial Officer and Deputy CEO Lasse Heinonen, SVP Human Resources (act.) Anssi Komulainen, SVP Sales & Marketing Mika Perho, SVP Travel Services Kaisa Vikkula, SVP Customer Service Anssi Komulainen, SVP Operations Erno Hildén and SVP Ville Iho of the Resource Management Unit, which operates under Group Administration.

Finnair Plc's Executive Board meets around 20 times per year and its tasks include the handling of group-wide development projects as well as group-level principles and procedures. In addition, the Executive Board is informed about, among other things, the business plans of the Group and sector companies, financial performance, and matters to be dealt with by Finnair Plc's Board of Directors, in the preparation of which it participates. The Executive Board also acts as the Group's risk management steering group.

Finnair Group's Board of Management
The Board of Management meets around ten times per year. The Finnair Group's Board of Management in 2009 comprised, in addition to members of the Executive Board, Northport Oy's Managing Director Jukka Hämäläinen, Vice President of Catering Operations and Finnair Catering Oy's Managing Director Kristina Inkiläinen, Vice President of Cargo Operations and Managing Director of Finnair Cargo Oy and Finnair Cargo Terminal Operations Oy Antero Lahtinen, and Vice President of Finnair Technical Services Kimmo Soini as well as personnel representatives, namely Department Supervisor Mauri Haapanen of the Finnair Technical Employees Association, Purser Mauri Koskenniemi of the Finnish Flight Attendants' Association SLSY, Purser Tiina Sillankorva, Deputy Chairman of the Finnair Senior White Collar Workers Association, Pilot Kristian Rintala, Chairman of the Finnish Commercial Pilot Association, and Juhani Sinisalo, Representative of Finnair Personnel Fund and Finnish Aviation Union.

The Board of Management is informed about, among other things, the business plans and financial performance of the Group. The Board of Management prepares, among other things, significant changes affecting personnel as well as fleet and other fixed asset related investments and projects to be decided by the Board of Directors. The Board of Management decides, according to the Group's investment guidelines, on investments and projects that fall within its sphere of approval.

Corporate governance of subsidiaries
The Members of the Boards of Directors of the most significant subsidiaries are selected from individuals belonging to Finnair Group management and from representatives proposed by personnel groups. The key tasks of the Boards of Directors of subsidiaries are strategy preparation, approving operational plans and budgets, and deciding on investments and commitments within the scope of instructions issued by the Board of Directors of Finnair Plc.