Finnair Plc largest shareholders as at 31 December, 2005 Number of shares % of total shares Changes on 31.12.2004 1 State of Finland 49,510 682 57.04 0 2 Burdaras 5,047 795 5.82 5,047 795 3 Odin Norden 3,456 166 3.98 -554,400 4 Tapiola Group 2,113 500 2.43 -803,700 5 OP Funds 832,300 0.96 152,800 6 Pohjola Funds 693,600 0.80 -737,600 7 Finnair Plc (own shares) 535,000 0.62 112,200 8 Neste Oil Pension Fund 448,620 0.52 -107,400 9 S-Stock Oy 273,000 0.31 -212,000 10 Kaleva Mutual Insurance Company/ Mandatum 250,000 0.29 0 11 Ilmarinen Mutual Pension Insurance Co 224,200 0.26 224,200 12 FIM Fenno Fund 215,600 0.25 215,600 13 Aktia Capital Fund 200,300 0.23 -84,700 14 Saving Bank Finland Fund 194,100 0.22 4,300 15 EQ Small Giants Fund 179,000 0.21 79,000 16 Fennial Mutual Pension Fund 113,400 0.13 113,400 17 Ingman Finance Oy Ab 100,000 0.12 0 18 Veritas Pension Insurance Company 100,000 0.12 -27,001 19 Finnair Pension Fund 94,738 0.11 0 20 Nordea Pension Fund 89,100 0.10 -107,100 Registered in the name of a nominee 16,614 504 19.14 5,256 933 Not converted into the book entry system 24,325 0.03 -1,057 Others 5,494 183 6.33   Total 86,804 113 100.00 2,044 900