Finnair Plc               Stock Exchange Release              20 March 2024 at 10:00p.m. EET

Finnair Plc ("Finnair" or "Company") has today, 20 March 2024, on the previously announced reverse split date executed a reverse split, i.e. the reduction of the number of shares in the Company, and a related directed share issue without consideration, redemption of shares and cancellation of shares. After these measures, the new number of shares in the Company is 204,811,392. The new number of shares has been registered with the Trade Register maintained by the Finnish Patent and Registration Office today, 20 March 2024, and trading with the new total number of shares in the Company commences on Thursday 21 March 2024 with a new ISIN code FI4000567029. Finnair's trading code FIA1S will remain the same after the reverse split.

Finnair's Annual General Meeting resolved on 18 March 2024 on the reverse split and on a related redemption of shares so that after carrying out the reverse split, every 100 shares in the Company corresponds to one (1) share in the Company. Concurrently with the execution of the reverse split, the Board of Directors of the Company has today resolved on implementing the directed share issue without consideration resolved by the Annual General Meeting in which the Company has issued without consideration a total of 4,714,922 treasury shares held by the Company in such manner that the number of shares in each book-entry account holding Finnair's shares has been made divisible by 100. The aggregate market value of the shares issued without consideration is EUR 140,976.17, based on the closing price of 20 March 2024.

After the directed share issue, the Company has redeemed without compensation 99 shares for each 100 shares in the Company, in accordance with the resolution of the Annual General Meeting. The Company's shares redeemed in connection with the reverse split have been cancelled immediately. After the reverse split, Finnair holds 354,315 treasury shares.

The aim of the reverse split is to facilitate trading conditions of the shares by increasing the value of a single share as well as to improve the price formation of the shares. The procedure has been explained in more detail in Finnair's stock exchange release on the resolutions of the Company's Annual General Meeting, issued on 18 March 2024.