Finnlines Plc Stock Exchange Release 26 March, 2009

FINNLINES PLC’S RIGHTS ISSUE


Not for release in the United States, Canada, Australia, Hong Kong or Japan.

The Board of Directors of Finnlines Plc (”Company”) has today resolved, based on the share issue authorization granted by the Annual General Meeting of 15 April 2009, upon a rights issue, in which the Company offers up to 6 781 993 Company shares to be subscribed for by the shareholders based on their pre-emptive subscription rights so that each shareholder of the Company has the pre-emptive right to subscribe for new shares, in accordance with the terms and conditions of the rights issue presented hereafter, for the subscription price of EUR 5.50 per share in proportion to the number of shares in the Company they already hold. Hence, the total amount of the Rights Issue amounts to up to EUR 37.3 million. The Shares offered for subscription in the Rights Issue represent at maximum approximately 16.7 per cent of the total number of the Company’s shares immediately prior to the Rights Issue.

The Shares will be offered to the shareholders of the Company for subscription in proportion to their shareholdings on 29 May 2009. A shareholder of the Company, who has been registered on the record date 29 May 2009 (hereinafter “Record Date”) to the shareholders register maintained by Euroclear Finland Oy, will automatically receive one (1) freely transferable Subscription Right as a book-entry for each share owned on the Record Date (“Subscription Right”). The Subscription Rights are subject to public trading on NASDAQ OMX Helsinki Ltd. (“Helsinki Stock Exchange”) during the period 4 June - 10 June 2009.

A shareholder of the Company, or a person or an entity to whom such shareholder’s Subscription Rights have been transferred, is entitled to subscribe for one (1) New Share for every six (6) Subscription Rights.

The subscription period commences on 4 June 2009 at 9:30 a.m. and expires on 17 June 2009 at 4:30 p.m.

Grimaldi Group has undertaken to ensure that New Shares are subscribed in the Rights Issue amounting to a value of EUR 24 221 659. The subscription undertaking given by Grimaldi Group, concerns 4 403 938 New Shares.

The reason for the Rights Issue is the repayment of the hybrid loan which the Company issued in spring 2009, the strengthening of the Company’s capital structure and the working capital financing.

The detailed terms and conditions are set out in the appendix of this stock exchange release.

The prospectus in accordance with the Finnish Securities Market Act relating to the offering will be published on or about 2 June 2009 at the latest.

The Company will publish the results of the Rights Issue by a stock exchange release on or about 23 June 2009.

Finnlines Plc