Not for release, publication or distribution, directly or indirectly, in or into
the United States, Canada, Australia or Japan.
PRELIMINARY RESULT OF THE FINNAIR'S SHARE OFFERING
The subscription period in the rights issue of Finnair Plc ended on 17 December
2007. According to the preliminary result, approximately 39.2 million shares
were subscribed for in the offering equalling approximately 99.6 percent of all
the shares (excluding Finnair's own shares) offered. Approximately 5,300
investors participated in the offering.
Finnair and the joint global coordinators of the offering have today entered
into an agreement regarding the placement of the approximately 160,000 shares
left unsubscribed for in the offering. Based on the agreement, the joint global
coordinators will seek to procure purchasers for these shares with the aim of
completing such potential sale as soon as practicable. The joint global
coordinators shall pay the net proceeds of any such sale (proceeds from the sale
of any remaining offer shares less the subscription price of 6.30 euros per
share, the fees of the joint global coordinators, any transfer tax and other
costs) to the holders of the unexercised rights that had entitled the holders
thereof to subscribe for such remaining offer shares. It is expected that the
net proceeds will be paid on or about 4 January 2008.
The interim shares, representing the shares subscribed for in the offering,
commenced trading today on the Helsinki Stock Exchange. The shares subscribed in
the offering will be registered with the Finnish Trade Register and the interim
shares will be combined with Finnair's existing shares on 28 December 2007.
Finnair will publish the final results of the rights issue on or about 20
December 2007, following the approval of the subscriptions by the Board of
Directors.
Finnair Plc
Communications
December 18, 2007
The information contained herein is not for publication or distribution,
directly or indirectly, in or into the United States, Canada, Australia or
Japan. These written materials do not constitute an offer of securities for
sale in the United States, nor may the securities be offered or sold in the
United States absent registration or an exemption from registration as provided
in the U.S. Securities Act of 1933, as amended, and the rules and regulations
thereunder. There is no intention to register any portion of the offering in
the United States or to conduct a public offering of securities in the United
States.
The information contained herein shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the securities
referred to herein in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration, exemption from registration or
qualification under the securities laws of any such jurisdiction.
This document does not constitute an offer of securities to the public in the
United Kingdom. No prospectus has been or will be approved for publication in
the United Kingdom in respect of the securities. Consequently the securities
must not be sold or offered for sale in the United Kingdom, except to persons
who fall within the exemptions set out in the Financial Services and Markets Act
2000 (Financial Promotion) Order 2005, as amended.
Danske Bank A/S ("Danske Markets") and UBS Limited ("UBS Investment Bank") are
acting for Finnair and for no-one else in connection with the potential share
offering and will not be responsible to anyone other than Finnair for providing
the protections afforded to the respective clients of Danske Markets or UBS
Investment Bank nor for providing any advice in relation to the potential share
offering."