Neste Oil - Company Announcement

Proposal for the members of the Supervisory Board

The Finnish State, representing 50.1 percent of Neste Oil's shares
and voting rights, has announced that it will propose the following
persons to be elected to Neste Oil's Supervisory Board for the
upcoming term at the company's Annual General Meeting, which is to be
held on 14 March 2008:

Heidi Hautala, Member of the Finnish Parliament (Chairman)
Hannes Manninen, Member of the Finnish Parliament (Vice Chairman)
Esko Ahonen, Member of the Finnish Parliament
Mikael Forss, Director, Social Insurance Institution of Finland
Timo Heinonen, Member of the Finnish Parliament
Markus Mustajärvi, Member of the Finnish Parliament
Jutta Urpilainen, Member of the Finnish Parliament
Anne-Mari Virolainen, Member of the Finnish Parliament

Ms. Hautala, Mr. Forss, Mr. Mustajärvi and Ms. Urpilainen should be
re-elected for a further term of office. The candidates for new
members of the Supervisory Board are Mr. Manninen, Mr. Ahonen, Mr.
Heinonen and Ms. Virolainen.

All those concerned have given their consent.

NESTE OIL CORPORATION
Osmo Kammonen
Senior Vice President, Communications


Further information:
Osmo Kammonen, Senior Vice President, tel. +358 50 458 4885


Neste Oil in brief

Neste Oil Corporation is a refining and marketing company focused on
premium-quality, clean traffic fuels. The company's strategy is
focused on growing its oil refining and biodiesel businesses. Neste
Oil's refineries are located at Porvoo and Naantali in Finland, and
have a total refining capacity of approx. 260,000 bbl/d. Neste Oil's
net sales for 2007 totaled 12,103 million euros. The company employs
around 4,800 people and is listed on the Nordic Exchange, Helsinki.
For further information, see www.nesteoil.com.