CORPORATE MANAGEMENT

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. In 2009 Finnair Plc's President & CEO was Jukka Hienonen, b. 1961. The Deputy CEO has been Chief Financial Officer Lasse Heinonen, b. 1968, since 13 January 2009. Following Jukka Hienonen's resignation from the service of Finnair Plc, Mika Vehviläinen, b.1961, has been appointed Finnair's President & CEO as of 1 February 2010.

Finnair President & CEO Mika Vehviläinen's monthly salary is 46,000 euros and fringe benefits, and he also belongs to short and long term bonus schemes. The Finnair President & CEO has the right to retire at 63 years of age. President & CEO service contract may be terminated with a period of notice of six months. In addition to salary for the period of notice, he is entitled to severance compensation equivalent to 12 months' salary if their employment is terminated for reasons independent of them.

In 2008, President & CEO Jukka Hienonen was paid a salary of 581,843.04 euros and fringe benefits of 38,598.51 euros as well as shares and a payment of 441,092.47 euros based on the share-based incentive scheme in 2007. Deputy CEO Henrik Arle was paid a salary of 373,101.68 euros and fringe benefits of 10,875.00 euros as well as shares and a payment of 252,043.61 euros based on the share-based incentive scheme in 2007.

The President & CEO and the Deputy CEO have the right to retire at the 60 years of age on a full pension of 60 per cent of pensionable salary. The President & CEO's and the Deputy CEO's service contracts may be terminated with a period of notice of six months. In addition to salary for the period of notice, they are entitled to severance compensation equivalent to 12 months' salary if their employment is terminated for reasons independent of them.

Changes in the company's management in 2008
Deputy CEO and EVP Scheduled Traffic Henrik Arle retired 31 December 2008. In conjunction with the retirement some revisions were made in management responsibilities and the organisation of Finnair Group.

Lasse Heinonen, the CFO of Finnair Group, was appointed Deputy CEO as of 13 January 2009. Heinonen continues as the CFO of the Group. In addition to economics and finance, the ground handling company Northport Ltd, Finnair Catering Oy and Finnair Technical Services, which all belong to Aviation Services business area, report to Lasse Heinonen. Also Finnair Aircraft Finance Ltd and Finnair Facilities Management Oy report to Heinonen.

As of 1 January 2009 Finnair's President & CEO Jukka Hienonen leads the Scheduled Passenger Traffic organization together with the business unit's management group. SVP Flight Operations Veikko Sievänen serves as the Accountable Manager referred to in the Airline Operators Certificate (AOC). Sievänen will also be a member of the Group's Executive Board. Operational risk management, which was previously under the authority of Henrik Arle, will now be under the President & CEO.

SVP for Public Affairs and Corporate Communications Christer Haglund was appointed member of Finnair Plc's Executive Board as of 1 March 2008.

Finnair Plc's Executive Board
The Finnair Group's structures were reorganised during 2009 and as of 1 October 2009 business and subsidiaries were 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.

Since 1 October 2009, the Executive Board has been as follows: President & CEO Jukka Hienonen (since 1 February 2010 Mika Vehviläinen), SVP Communications and Community Relations Christer Haglund, Chief Financial Officer and Deputy CEO Lasse Heinonen, SVP Human Resources Anssi Komulainen, SVP Sales & Marketing Mika Perho, SVP Travel Services Kaisa Vikkula, SVP Customer Service Timo Riihimäki, 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 (23 times during 2009) 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 (eight times during 2009). The Finnair Group's Board of Management in 2009 comprised, in addition to members of the Executive Board, Northport Ltd'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, Systems Analyst Timo Kettunen, Chairman of the Finnish Flight Workers Association, and Juhani Sinisalo, Representative of Finnair Personnel Fund.

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 to be decided by the Board of Directors as well as fleet and other fixed asset related investments and projects. 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 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 the operational plan and budget, and deciding on investments and commitments within the limits of instructions issued by the Board of Directors of Finnair Plc.