Neste Oil - Decisions of general meeting

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 2008 and
discharged the Supervisory Board, Board of Directors, and management
from liability for 2008.

Dividend of EUR 0.80 per share

The AGM also approved the Board of Directors' proposal regarding the
distribution of the company's profit for 2008, sanctioning payment of
a dividend of EUR 0.80 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 8 April 2009. Payment will be made on
Friday, 17 April 2009.

Composition and remuneration of the Board of Directors

In accordance with the proposal made by the AGM Nomination Committee,
the AGM confirmed the membership of the Board of Directors at eight
members, and the following were re-elected to serve until the end of
the next AGM: Mr. Timo Peltola, Mr. Mikael von Frenckell, Mr. Michiel
Boersma, Ms. Ainomaija Haarla, Ms. Nina Linander, Mr. Markku Tapio
and Ms. Maarit Toivanen-Koivisto. Mr. Hannu Ryöppönen was elected as
a new member. Mr. Timo Peltola will continue as Chairman and Mr.
Mikael von Frenckell as Vice Chairman. Board member introductions can
be found at company's web site.

The AGM decided to pay the following remuneration to the Board:

* 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 traveling 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.

Composition and remuneration of the Supervisory Board

The AGM confirmed that the Supervisory Board shall comprise eight
members and the following members were elected: Ms. Heidi Hautala
(Chairman), Mr. Kimmo Tiilikainen (Vice Chairman), Mr. Esko Ahonen,
Mr. Mikael Forss, Mr. Timo Heinonen, Mr. Markus Mustajärvi, Ms. Jutta
Urpilainen, and Ms. Anne-Mari Virolainen. Mr. Kimmo Tiilikainen was
elected for the first time. Members are all Finnish Members of
Parliament, with the exception of Mr. Mikael Forss, who is a Director
at the Social Insurance Institution of Finland.

No changes were made to the remuneration paid to the Supervisory
Board, which remains as follows:

* Chairman  EUR 1,000 a month
* Vice Chairman EUR 600 a month
* members  EUR 500 a month.

In addition, those participating at Supervisory Board meetings
receive a payment of €200 per meeting.

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 Committee

Following a proposal by the Prime Minister's Office, representing the
Finnish State, the AGM decided to establish a Nominations Committee
to prepare proposals covering the members of the Board of Directors
and their remuneration for consideration by the next AGM. The
Nomination Committee comprises representatives of the Company's three
largest shareholders and shall also include, as expert members, the
Chairman of the Board, together with one member elected by the Board
from among its members unaffiliated with any of the Company's major
shareholders. The right to appoint the shareholder representatives on
this Committee will lie with the three shareholders holding the
largest number of votes associated with all the company's shares on 2
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 30 October 2009. The Chairman of the Board of Directors
will be responsible for convening the Committee, and the Committee's
members will appoint a Chairman from among themselves. The
Nominations Committee will present their proposal to the Board of
Directors by 1 February prior to the AGM at the latest.

Shareholder Matti Liimatainen's proposal

Shareholder Matti Liimatainen's proposal that Neste Oil should halt
its use of palm oil was entered in the minutes of the AGM. The
meeting took no decision on the matter, however, as it was considered
as falling within the scope of the responsibilities of the company's
general judicial power.
The minutes of the Annual General Meeting will be available at the
company's head office in two weeks time.

NESTE OIL CORPORATION

Hanna Maula
Communications Manager
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's strategy is based on growing both its oil refining and
premium-quality renewable diesel businesses. Neste Oil's refineries
are located in Porvoo and Naantali and have a combined crude oil
refining capacity of approx. 260,000 barrels a day. The company had
net sales of EUR 15 billion in 2008 and employs around 5,200 people.
Neste Oil is listed on NASDAQ OMX Helsinki. www.nesteoil.com.