Neste Oil - Company Announcement

Neste Oil holds Capital Markets Day in Porvoo and Helsinki - corporate strategy and financial targets remain unchanged, new information on cost structure and NExBTL renewable diesel profitability

Neste Oil is hosting a Capital Markets Day today, September 29, in
Porvoo and Helsinki. Participants will be given an overview of the
company's operations, prospects, and capital projects. A tour of the
Porvoo refinery in the morning will cover areas such as R&D, refinery
operations, and refining prospects. Production Line 4, Porvoo's new
diesel unit, is now operating normally following the completion,
slightly ahead of schedule, of repairs after a fire at the beginning
of August.

The afternoon program will cover topical issues such as the
profitability of Neste Oil's key growth business, renewable fuels,
and the company's cost structure and capital investments.

The main message of the Capital Markets Day is that Neste Oil remains
fully committed to its clean traffic fuel strategy. Its financial
targets also remain unchanged: a ROACE of at least 15% annually, a
leverage ratio of 25-50%, and dividend policy, which calls for a
payout equivalent to at least a third of comparable net profit.

Renewable fuels

Neste Oil is continuing to move ahead with its two largest capital
projects, in Singapore and Rotterdam. The company presents its
profitability model for NExBTL renewable diesel, which is based on
annual average costs of the two plants at Porvoo and those in
Singapore and Rotterdam when all are operational and running
normally. Using these cost assumptions and actual end-product and raw
material prices, the margin on NExBTL renewable diesel after fixed
costs would have been approximately USD 225/t for the twelve months
from July 2008 to June 2009.

Investments

The company expects its investments to account for around EUR 890
million of expenditure this year and around EUR 920 million in 2010.
The figure for 2010 includes a scheduled major maintenance turnaround
at the Porvoo refinery. Investment expenditure is expected to be some
EUR 350 million in 2011.

Costs

Neste Oil projects that its fixed costs will be approx. EUR 630
million in 2009. Fixed costs in 2008 totaled EUR 679 million, of
which Oil Products accounted for EUR 417 million, Renewable Fuels EUR
38 million, Oil Retail EUR 135 million, and Others EUR 89 million.

Capital Markets Day presentations also covered production costs at
the company's refineries. These totaled EUR 445 million, or USD
5.9/bbl, in 2008. Costs during the first quarter of 2009 were EUR 84
million or USD 4.1/bbl, and EUR 105 million or USD 5.5/bbl during the
second quarter.

All presentation material in English will be available at
www.nesteoil.com at around 9.00 am EET.

People not present at the event will be able to follow the afternoon
program from 1.00 pm EET by logging on to
http://qsb.webcast.fi/n/nesteoil/nesteoil_2009_0929_cmd/.

Neste Oil Corporation
Hanna Maula
Director, Corporation Communications

Further information: Juha Rouhiainen, Director, Investor Relations,
tel. +358 (0)50 458 5132
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 in Finland and
have a combined crude oil refining capacity of approx. 260,000 bbl/d.
The company had net sales of EUR 15 billion in 2008 and employs
around 5,300 people. Neste Oil's share is listed on NASDAQ OMX
Helsinki.

Neste Oil is included in the Dow Jones Sustainability World Index and
the Ethibel Pioneer Investment Register. The company has also been
awarded 'Best in Class' recognition for its social accountability by
Storebrand and is included in Innovest's Global 100 list of the
world's most sustainable corporations. For further information, see
www.nesteoil.com.