Neste Oil - Company Announcement

Neste Oil's Board of Directors decided on key personnel incentive plan

Neste Oil Corporation, Stock Exchange Release 16 December 2009 at 13.30 pm


The Board of Directors of Neste Oil Corporation has decided to establish a new
share-based incentive plan for the Group key personnel. The aim of the plan is
to align the objectives of the owners and the key personnel of Neste Oil: e.g.
increasing the value of the Company and committing the key personnel to the
Company by offering them a competitive reward plan based on holding the Company
shares.

The plan includes three three-year earning periods, which will start in
2010, 2011 and 2012. The Board of Directors will decide the earnings criteria
and targets to be met as well as the maximum level of the payable reward for
each earning period in December preceding the earning period.  The earnings
criteria for the earning period 2010-2012 are the Sales Volume of Renewable
Fuels and Total Shareholder Return of Neste Oil share in relation to Dow Jones
Nordic Return Index.

The potential reward will be paid partly in Company's shares and partly in cash
in 2013, 2014 and 2015. The maximum level of payable reward may not, during any
earning year, exceed the annual gross salary of the year in question. The
proportion to be paid in cash will cover taxes and tax-related costs arising
from the reward.

The plan prohibits the transfer of the shares within three years from the end of
the earning period, i.e. the length of the plan is six years for each share
allocation. Even after this, the key person must hold 50% of the shares received
on the basis of the plan as long as the value of the shares held by the key
person in total corresponds to the key person's annual gross salary. This
obligation to own shares is valid as long as the employment or service in the
Group continues.

The maximum rewards to be paid on the basis of the earning period 2010-2012 if
all the set targets are met will correspond to the approximate value of a
maximum total of 850,000 Neste Oil Corporation shares (including also the
proportion to be paid in cash).

Neste Oil Corporation

Hanna Maula
Director, Corporate Communications


Further information:
Matti Lievonen, President & CEO, tel. +358 10 458 11
Hannele Jakosuo-Jansson, Senior Vice President, Human Resources, tel. +358 (0)10
458 4688


Neste Oil in brief

Neste Oil Corporation is a refining and marketing company concentrating on
low-emission, high-quality traffic fuels. The company is the world's leading
supplier of renewable diesel. 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's share is listed on the NASDAQ OMX Helsinki.

Neste Oil has been selected into the Dow Jones Sustainability World Index and
awarded 'Best in Class' recognition for its social accountability by Storebrand.
The company is also featured in the Ethibel Pioneer Investment Register and
included in Innovest's Global 100 list of the world's most sustainable
corporations. Further information:www.nesteoil.com <http://www.nesteoil.com/>.



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