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BUSINESS REVIEWFINANCIAL STATEMENTSFINNAIR AND SOCIETYSHAREHOLDERS



Board of Directors Report



Consolidated Income Statement



Consolidated Balance Sheet



Consolidated Cash Flow Statement



Shareholders´ Equity



Notes to the Financial Statements



Auditors' Report



Proposal on the Dividend



Shares and Share Capital



Financial Indicators



Calculation of Key Indicators



Corporate Governance



Risk Management



Stock Exchange Releases in 2005

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Board of Directors' Proposal on the Dividend

The Group's distributable equity according to the financial statements on 31 December 2005 amounts to 352,565,811.72 euros, while the parent company's distributable equity totals 311,291,840.17 euros.

The Board of Directors proposes to the Annual General Meeting that a dividend of 0.25 euros per share be distributed, a total of 21,701,028.25 euros, and that the remainder of the distributable equity be carried over as retained earnings.

Signing of the Report of the Board of Directors and the financial statements

Helsinki, 15 February 2006

The Board of Directors of Finnair Plc

Christoffer Taxell   Kari Jordan

Markku Hyvärinen   Veli Sundbäck   Helena Terho   Kaisa Vikkula

Jukka Hienonen
President & CEO of Finnair Plc