Neste Oil - Company Announcement

Neste Oil disputes the view of Finnish Customs that biofuel distribution requirements were not met in 2009 and 2010

Neste Oil Corporation
Stock Exchange Release
8 January 2014 at 2.50 p.m (EET)

Neste Oil disputes the view of Finnish Customs that biofuel mandate requirements
were not met in 2009 and 2010

Finnish Customs has levied a penalty payment totaling approximately EUR 44
million on Neste Oil because Finnish biofuel mandate requirements were not met
in 2009 and 2010.

Biofuel mandate legislation requires that companies distributing liquid fuels
must provide the appropriate energy content specified for biofuels in the fuel
that they supply for use by customers. The legislation in question is intended
to increase the use of biofuels and thereby reduce emissions. Neste Oil has
supplied the amount of biofuels required by legislation in 2009 and 2010.

Neste Oil disputes Finnish Customs' interpretation and believes that it complied
with the requirements according to the legislation in force at the time. The
disagreement between Neste Oil and Finnish Customs covers how the legislation on
biofuel mandate should be interpreted. Neste Oil has appealed the Finnish
Customs' decision and considers the penalty payment unjustified and it will not
affect the company's result or balance sheet for 2013. The penalty payment will
be paid in January 2014, when it will impact the company's cash flow.

Neste Oil Corporation

Kaisa Lipponen
Director, Corporate Communications

Further information:
Jyrki Mäki-Kala, CFO, tel. +358 (0)50 458 4098

Neste Oil in brief

Neste Oil Corporation is a refining and marketing company concentrating on low-
emission, high-quality traffic fuels. The company produces a comprehensive range
of major petroleum products and is the world's leading supplier of renewable
diesel. Neste Oil had net sales of EUR 17.9 billion in 2012 and employs around
5,000 people, and is listed on NASDAQ OMX Helsinki.

Neste Oil is included in the Dow Jones Sustainability World Index and the
Ethibel Pioneer Investment Register, and has featured in The Global 100 list of
the world's most sustainable corporations for many years. Forest Footprint
Disclosure (FFD) has ranked Neste Oil as one of the best performers in the oil &
gas sector. Further information: www.nesteoil.com

[HUG#1753439]