Finnair announces tender offer results

Finnair Plc                Stock Exchange Release                   12 May 2021 at 5.50 p.m. EEST

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

Finnair Plc (the “Company”) announces today the results of the invitation to all holders of its outstanding EUR 200 million 2.250 per cent notes due 2022 (ISIN: FI4000251756) (the “Notes”) to tender their Notes for purchase by the Company for cash (the “Tender Offer”). The Tender Offer was announced on 5 May 2021 and was made on the terms and subject to the conditions contained in the tender offer memorandum dated 5 May 2021 (the “Tender Offer Memorandum”) prepared by the Company. Capitalised terms used in this announcement but not defined have the meaning given to them in the Tender Offer Memorandum.

The Expiration Deadline for the Tender Offer was 4.00 p.m. (Finnish time) on 12 May 2021.

The aggregate principal amount of the Notes validly tendered by the holders for purchase pursuant to the Tender Offer was EUR 97,073,000.

The acceptance by the Company of any Notes for purchase was subject to the successful pricing of the issue of new series of euro‑denominated notes (the “New Issue Condition”). As the Company announced on 10 May 2021, the New Issue Condition has been satisfied, and accordingly, pursuant to the terms of the Tender Offer Memorandum, any and all Notes validly tendered by the holders for purchase will be accepted in full.

The Company will pay accrued interest on the Notes accepted for purchase in the Tender Offer. The settlement date for the Tender Offer is 19 May 2021. All the Notes purchased by the Company will be cancelled. The Notes not tendered pursuant to the Tender Offer will remain outstanding.

The following table sets forth certain information relating to the Tender Offer:

Additional information may be obtained from the Dealer Managers or the Tender Agent.

Dealer Managers:

Nordea Bank Abp

Satamaradankatu 5, Helsinki

FI-00020 NORDEA

Finland

Telephone: +45 61612996

Attention: Bibi Larsen

Email: Nordealiabilitymanagement@nordea.com

OP Corporate Bank plc

Gebhardinaukio 1

FI-00510 Helsinki

Finland

Telephone: +358 50 599 1281

Attention: Thomas Ulfstedt

Email: liabilitymanagement@op.fi

Tender Agent:

Nordea Bank Abp

Wholesale Banking Operations

Client Relations Finland

Aleksis Kiven katu 7, Helsinki

00020 NORDEA

Finland

FINNAIR PLC

Further information:

Finnair communications, 358 9 818 4020, comms@finnair.com

Distribution:

NASDAQ OMX Helsinki

Principal media

Finnair is a modern premium network airline, specialising in passenger and cargo traffic between Asia and Europe. Helsinki’s geographical location gives Finnair a competitive advantage, since the fastest connections between many European destinations and Asian megacities fly over Finland. Sustainability is at the heart of everything we do –  Finnair intends to reduce its net emissions by 50% by the end of 2025 from the 2019 baseline and achieve carbon neutrality latest by the end of 2045. Finnair is a member of the oneworld alliance. Finnair Plc’s shares are quoted on the Nasdaq Helsinki stock exchange.

Disclaimer

This release is for information purposes only and is not to be construed as an offer to purchase or sell or a solicitation of an offer to purchase or sell with respect to any securities of the Company. The distribution of this release and the related material concerning the Tender Offer may, in certain jurisdictions, be restricted by law. Persons resident outside of Finland may receive this release and the related material concerning the Tender Offer only in compliance with applicable exemptions or restrictions. Persons into whose possession this release or any such material or documentation may come are required to inform themselves of and observe all such restrictions. This release and any such material or documentation may not be distributed or published in any country or jurisdiction if to do so would constitute a violation of the relevant laws of such jurisdiction or would require actions under the laws of a state or jurisdiction other than Finland. In particular, this release and any such material or documentation may not be distributed in the United States, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa or any other jurisdiction in which it would not be permissible to invite for tendering any Notes and this release and any related material concerning the tendering of the Notes may not be sent to any person in the before mentioned jurisdictions. No invitation to tender any Notes is being made pursuant to this release and the information contained herein shall not constitute an offer to sell or tender, or a solicitation of an offer to buy or sell any of the Company’s securities to any person in any jurisdiction in which such offer, solicitation or sale or tender would be unlawful. Neither the Company nor the Dealer Managers, or the Tender Agent or any of their representatives accept any legal responsibility for any violation by any person, whether or not the persons contemplating investing in or divesting the Company’s securities, are aware of these restrictions or not. Please refer to the Tender Offer Memorandum for a full description of such restrictions.

Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933 (as amended, the “U.S. Securities Act”), or under the securities laws of any state or other jurisdiction of the United States. Any securities referred to herein may not be offered, sold, pledged or otherwise transferred directly or indirectly within the United States or to, or for the account or benefit of, U.S. Persons (as such term is defined in Regulation S under the U.S. Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act.

The information provided in this release and any related materials relating to any securities referred to herein is addressed to and directed only at persons in the United Kingdom in circumstances where provisions of section 21(1) of the Financial Services and Markets Act 2000 as amended, do not apply and are solely directed at persons in the United Kingdom who (a) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (b) persons falling within Article 49(2)(a) to (d) of the Order, or other persons to whom they may be lawfully communicated (all such persons together being referred to as “relevant persons”). This release is directed only at relevant persons and any person who is not a relevant person must not act or rely on this release or any of its contents.