Neste Oil - Decisions of general meeting

Decisions taken by Neste Oil's Annual General Meeting

Neste Oil Corporation
Stock Exchange Release
28 March 2012 at 3.45 pm (EET)

Decisions taken by Neste Oil's Annual General Meeting

Neste Oil Corporation's Annual General Meeting (AGM) was held today at the
Helsinki Fair Centre and adopted the company's financial statements and
consolidated financial statements for 2011 and discharged the Supervisory Board,
the Board of Directors and and the CEO from liability for 2011.

Dividend of EUR 0.35 per share

The AGM also approved the Board of Directors' proposal regarding the
distribution of the company's profit for 2011, sanctioning payment of a dividend
of EUR 0.35 per share. This will be paid to all shareholders included in the
register of shareholders maintained by the Euroclear Finland on the record date
set for payment of the dividend, which shall be 2 April 2012. Payment will be
made on 11 April 2012.

Composition and remuneration of the Board of Directors

In accordance with the proposal made by the AGM Nomination Board, the AGM
confirmed the membership of the Board of Directors at seven members, and the
following were re-elected to serve until the end of the next AGM: Mr Michiel
Boersma, Mr Jorma Eloranta, Ms Maija-Liisa Friman, Ms Nina Linander, Ms Laura
Raitio, Mr Hannu Ryöppönen, and Mr Markku Tapio. Mr Eloranta was elected as
Chairman and Ms Friman as Vice Chairman. Board member introductions can be found
at company's web site.

The AGM decided to keep the remuneration to the Board unchanged as follows:• Chairman  EUR 66,000 a year• Vice Chairman  EUR 49,200 a year• members  EUR 35,400 a year.

In addition, those participating at Board meetings and meetings convened by the
Board's committees will receive a payment of EUR 600 per meeting, together with
their travelling costs, in accordance with the company's travel policy. A
payment of double this, EUR 1,200 per meeting, will be made to Board members
living outside Finland.

Company Auditor

In accordance with a proposal by the Board of Directors, Ernst & Young Oy,
Authorized Public Accountants, were appointed as the company's Auditor, with
Authorized Public Accountant Anna-Maija Simola as Senior Auditor, until the end
of the next AGM. Payment for their services shall be made in accordance with
their invoice.

AGM's Nomination Board

Following a proposal by the Prime Minister's Office, representing the Finnish
State, the AGM decided to establish an AGM Nomination Board to prepare proposals
covering the members of the Board of Directors and their remuneration for
consideration by the next AGM. The Nomination Board comprises representatives of
the Company's three largest shareholders and shall also include, as an expert
member, the Chairman of the Board. The right to appoint the shareholder
representatives on this Nomination Board will lie with the three shareholders
holding the largest number of votes associated with all the company's shares on
1 November preceding the AGM. In the event that a shareholder does not wish to
exercise his right to appoint a representative, this right shall pass to the
next-largest shareholder. The company's largest shareholders shall be determined
on the basis of the information on holdings registered in the book-entry system,
with the proviso that the holdings of a shareholder required under securities
legislation to flag certain changes in his holdings, and with shares spread
across a number of funds, for example, shall be combined if the shareholder
informs the company of his wishes to this effect in writing by 29 October 2012.
The Chairman of the Board of Directors will be responsible for convening the
Nomination Board, and the Nomination Board's members will appoint a Chairman
from among themselves. The Nomination Board will present their proposal to the
Board of Directors by 1 February prior to the AGM at the latest.

The minutes of the Annual General Meeting shall be available for review in two
weeks from the Annual General Meeting at the company's headquarters.

Neste Oil Corporation
Hanna Maula
Director, Corporate Communications

For further information, please contact Mr Matti Hautakangas, General Counsel,
tel. +358 (0)50 458 5350

Neste Oil in brief

Neste Oil Corporation is a refining and marketing company concentrating on low-
emission, high-quality traffic fuels. The company produces a comprehensive range
of major petroleum products and is the world's leading supplier of renewable
diesel. Neste Oil had net sales of EUR 15.4 billion in 2011 and employs around
5,000 people, and is listed on NASDAQ OMX Helsinki.

Neste Oil is included in the Dow Jones Sustainability World Index and the
Ethibel Pioneer Investment Register, and has featured in The Global 100 list of
the world's most sustainable corporations for a number of years. Forest
Footprint Disclosure (FFD) has ranked Neste Oil as one of the best performers in
the oil & gas sector. Further information: www.nesteoil.com


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