Neste Oyj - Major shareholder announcements

Notification under Chapter 9, Section 10 of the Finnish Securities Market Act

Neste Corporation, Stock Exchange Release, 18 September 2024 at 5.30 p.m. (EET)

Neste Corporation has today received a notification under Chapter 9, Section 10
of the Finnish Securities Market Act (FSMA). According to the notification by
BlackRock, Inc., the aggregate holdings of the entities referred to therein
excluding financial instruments according to SMA 9:6a have on 17 September 2024
exceeded 5% of the total number of shares and voting rights of Neste
Corporation. The aggregate holdings including financial instruments according to
SMA 9:6a owned by BlackRock, Inc. and the entities referred to above amounts to
5.38% of the total number of shares of Neste Corporation. The share stock of
Neste Corporation consists of 769,211,058 shares, each entitling one vote.

Total positions of entities referred to in the notification:

                % of    % of shares and voting rights  Total % of shares
                shares  through financial instruments  and voting rights
                and     (B)                            (A+B)
                voting
                rights
                (A)
Proportion      5.10    0.27                           5.38
after reaching
or
exceeding the
flagging
threshold
Position at     4.91    0.35                           5.27
previous
notification

Notified details of the resulting situation on the date on which the threshold
was crossed or reached:

A: Shares and voting rights

Share         Number of                   % of shares and voting rights
class/type    shares and
(ISIN)        voting rights
Direct (FSMA  Indirect       Direct       Indirect (FSMA 9:6 and 9:7)
9:5)          (FSMA 9:6 and  (FSMA 9:5)
              9:7)
FI0009013296                 39,281,991                                5.10
Subtotal A    39,281,991                  5.10

B: Financial Instruments according to FSMA 9:6a

Type of         Expiration  Exercise/   Physical    Number of   % of shares
financial       date        Conversion  or          shares      and voting
instrument                  Period      cash        and voting  rights
                                        settlement  rights
American        N/A         N/A         Physical    1,603       0.00
Depositary
Receipt
(US64104Y1064)
Securities      N/A         N/A         Physical    2,115,056   0.27
Lent
                                        Subtotal B  2,116,659   0.27

Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity:

Name            % of shares  % of shares and voting rights   Total of
                and voting   through financial instruments   both, %
                rights
BlackRock, Inc
BlackRock
Holdco 2, Inc.
BlackRock
Financial
Management,
Inc.
BlackRock
International
Holdings, Inc.
BR Jersey
International
Holdings L.P.
BlackRock
(Singapore)
Holdco
Pte. Ltd.
BlackRock HK
Holdco Limited
BlackRock Lux
Finco S.a.r.l.
BlackRock
Japan Holdings
GK
BlackRock                                                    Below 5
Japan Co.,
Ltd.

BlackRock,
Inc.
Trident
Merger, LLC
BlackRock                                                    Below 5
Investment
Management,
LLC

BlackRock,
Inc.
BlackRock
Holdco 2, Inc.
BlackRock
Financial
Management,
Inc.
BlackRock
International
Holdings, Inc.
BR Jersey
International
Holdings L.P.
BlackRock
Holdco 3, LLC
BlackRock
Cayman 1 LP
BlackRock
Cayman West
Bay
Finco Limited
BlackRock
Cayman West
Bay IV
Limited
BlackRock
Group Limited
BlackRock
Finance Europe
Limited
BlackRock                                                    Below 5
Investment
Management
(UK) Limited

BlackRock,
Inc.
BlackRock
Holdco 2, Inc.
BlackRock
Financial
Management,
Inc.
BlackRock
International
Holdings, Inc.
BR Jersey
International
Holdings L.P.
BlackRock
Australia
Holdco
Pty. Ltd.
BlackRock                                                    Below 5
Investment
Management
(Australia)
Limited

BlackRock,
Inc.
BlackRock
Holdco 2, Inc.
BlackRock
Financial
Management,
Inc.
BlackRock
International
Holdings, Inc.
BR Jersey
International
Holdings L.P.
BlackRock
Holdco 3, LLC
BlackRock
Cayman 1 LP
BlackRock
Cayman West
Bay
Finco Limited
BlackRock
Cayman West
Bay IV
Limited
BlackRock
Group Limited
BlackRock                                                    Below 5
International
Limited

BlackRock,
Inc.
BlackRock
Holdco 2, Inc.
BlackRock
Financial
Management,
Inc.
BlackRock
Holdco 4, LLC
BlackRock
Holdco 6, LLC
BlackRock
Delaware
Holdings
Inc.
BlackRock                                                    Below 5
Institutional
Trust
Company,
National
Association

BlackRock,
Inc.
BlackRock
Holdco 2, Inc.
BlackRock
Financial
Management,
Inc.
BlackRock
Holdco 4, LLC
BlackRock
Holdco 6, LLC
BlackRock
Delaware
Holdings
Inc.
BlackRock Fund                                               Below 5
Advisors

BlackRock,
Inc.
BlackRock
Holdco 2, Inc.
BlackRock                                                    Below 5
Financial
Management,
Inc.

BlackRock,
Inc.
BlackRock
Holdco 2, Inc.
BlackRock
Financial
Management,
Inc.
BlackRock
International
Holdings, Inc.
BR Jersey
International
Holdings L.P.
BlackRock
(Singapore)
Holdco
Pte. Ltd.
BlackRock HK
Holdco Limited
BlackRock                                                    Below 5
Asset
Management
North Asia
Limited

BlackRock,
Inc.
BlackRock
Holdco 2, Inc.
BlackRock
Financial
Management,
Inc.
BlackRock
International
Holdings, Inc.
BR Jersey
International
Holdings L.P.
BlackRock
Holdco 3, LLC
BlackRock
Cayman 1 LP
BlackRock
Cayman West
Bay
Finco Limited
BlackRock
Cayman West
Bay IV
Limited
BlackRock
Group Limited
BlackRock
Finance Europe
Limited
BlackRock
(Netherlands)
B.V.
BlackRock                                                    Below 5
Asset
Management
Deutschland AG

BlackRock,
Inc.
BlackRock
Holdco 2, Inc.
BlackRock
Financial
Management,
Inc.
BlackRock
International
Holdings, Inc.
BlackRock
Canada
Holdings ULC
BlackRock                                                    Below 5
Asset
Management
Canada Limited

BlackRock,
Inc.
BlackRock
Holdco 2, Inc.
BlackRock
Financial
Management,
Inc.
BlackRock
Capital
Holdings,
Inc.
BlackRock                                                    Below 5
Advisors, LLC

BlackRock,
Inc.
BlackRock
Holdco 2, Inc.
BlackRock
Financial
Management,
Inc.
BlackRock
International
Holdings, Inc.
BR Jersey
International
Holdings L.P.
BlackRock
Holdco 3, LLC
BlackRock
Cayman 1 LP
BlackRock
Cayman West
Bay
Finco Limited
BlackRock
Cayman West
Bay IV
Limited
BlackRock
Group Limited
BlackRock
Finance Europe
Limited
BlackRock                                                    Below 5
Advisors (UK)
Limited

BlackRock,
Inc.
BlackRock
Holdco 2, Inc.
BlackRock
Financial
Management,
Inc.
BlackRock
International
Holdings, Inc.
BR Jersey
International
Holdings L.P.
BlackRock
(Singapore)
Holdco
Pte. Ltd.
BlackRock                                                    Below 5
(Singapore)
Limited

BlackRock,
Inc.
BlackRock
Holdco 2, Inc.
BlackRock
Financial
Management,
Inc.
BlackRock
International
Holdings, Inc.
BR Jersey
International
Holdings L.P.
BlackRock
Holdco 3, LLC
BlackRock
Cayman 1 LP
BlackRock
Cayman West
Bay
Finco Limited
BlackRock
Cayman West
Bay IV
Limited
BlackRock
Group Limited
BlackRock
Finance Europe
Limited
BlackRock                                                    Below 5
(Netherlands)
B.V.

BlackRock,
Inc.
Trident
Merger, LLC
BlackRock
Investment
Management,
LLC
Amethyst
Intermediate,
LLC
Aperio
Holdings, LLC
Aperio Group,                                                Below 5
LLC

Neste Corporation

Hanna Maula
Vice President, Communications and Brand

Further information: Please contact Neste's media service, tel. +358 800 94025 /
media@neste.com (weekdays from 8.30 a.m. to 4.00 p.m. EET). Please subscribe to
Neste's releases at https://www.neste.com/for-media/releases-and-news/subscribe.

Neste in brief

Neste (NESTE, Nasdaq Helsinki) uses science and innovative technology to
transform waste and other resources into renewable fuels and circular raw
materials. The company creates solutions for combating climate change and
accelerating a shift to a circular economy. Being the world's leading producer
of sustainable aviation fuel (SAF) and renewable diesel and a forerunner in
developing renewable and circular feedstock solutions for polymers and
chemicals, the company aims to help its customers to reduce their greenhouse gas
emissions by at least 20 million tons annually by 2030.
The company's ambition is to make the Porvoo oil refinery in Finland the most
sustainable refinery in Europe. Neste is committed to reaching carbon-neutral
production by 2035, and will reduce the carbon emission intensity of sold
products by 50% by 2040. Neste has also set high standards for biodiversity,
human rights and the supply chain. The company has consistently been included in
the CDP and the DJSI lists of the world's most sustainable companies. In 2023,
Neste's revenue stood at EUR 22.9 billion. Read more:
neste.com (http://www.neste.com)