Neste Oil - Changes board/management/auditors

NESTE OIL'S NOMINATION COMMITTEE'S PROPOSAL FOR COMPOSITION OF THE BOARD OF DIRECTORS

The Nomination Committee of Neste Oil Corporation will propose to the
Annual General Meeting to be held on 14 March 2008 that the company's
Board of Directors should comprise the following members:

Mr. Timo Peltola should be re-elected as the Chairman of the Board,
Mr. Mikael von Frenckell as Vice Chairman, and Board members Mr
Michiel A.M. Boersma, Ms. Ainomaija Haarla, Ms. Nina Linander, Mr
Antti Tanskanen and Ms. Maarit Toivanen-Koivisto should be re-elected
for a further term of office.

The Nomination Committee's candidate for a new Board member is Mr
Markku Tapio, Senior Financial Councellor of the Government Office,
Ownership Steering Department.

All those concerned have given their consent to Board service. All
the nominees are considered independent, with the exception of Markku
Tapio, who is employed by the majority owner, the Finnish State.

The Nomination Committee will also propose that the remuneration paid
to the Board of Directors should be as follows:

Chairman EUR 66,000/year
Vice Chairman EUR 49,200/year
Member EUR 35,400/year
Meeting fee *) EUR 600/meeting
*) Applies also to committee meetings

The meeting fee is proposed to be paid in double for the members
traveling to the meetings from outside of Finland.

Shareholders' Nomination Committee was appointed in November 2007 and
comprised following persons: Mr. Jarmo Väisänen, Senior Financial
Counsellor of the Government Office, Ownership Steering Department;
Mr. Harri Sailas, CEO, Ilmarinen Mutual Pension Insurance Company;
and Mr. Risto Murto, Chief Investment Officer, Varma Mutual Pension
Insurance Company. The Chairman of Neste Oil's Board of Directors
Timo Peltola served as the Committee's expert member.
Neste Oil Corporation
Osmo Kammonen
Senior Vice President, Communications

Brief presentation of Mr.  Markku Tapio
- Born 1948, M.Sc. (Economics, University of Helsinki)
- Senior Financial Councellor of the Government Office, Ownership
Steering Department
- Member of the Board of Kemira Oyj
- Member of the Board of VR- Group Ltd

Neste Oil in brief

Neste Oil Corporation is a refining and marketing company focused on
advanced, clean traffic fuels, with a strategy that prioritizes
growing its refining and premium-quality biodiesel businesses. Neste
Oil's refineries are located at Porvoo and Naantali in Finland, and
have a total refining capacity of approx. 250,000 bbl/d. The company
employs around 4,800 people and its shares are listed on the Helsinki
Stock Exchange. For further information, see www.nesteoil.com.