2013-04-18 11:00:00 CEST

2013-04-18 11:00:43 CEST


REGULATED INFORMATION

English
Neste Oil - Company Announcement

Neste Oil adopts the revised IAS 19 Employee Benefits standard


Neste Oil Corporation
Stock Exchange Release
18 April 2013 at noon (EET)

Neste Oil adopts the revised IAS 19 Employee Benefits standard

As of January 1, 2013, Neste Oil Corporation has adopted the revised IAS 19
Employee Benefits standard. As a result, the Group's operating profit and
comparable operating profit for 2012 have increased by EUR 3 million, as the net
interest cost related to employee benefits are now reported under financial
items. The impact on the Group's net profit for 2012 is not material. The
Group's equity in the opening balance for 2012 has been reduced by EUR 9 million
as a result of recognizing actuarial losses in equity. The Group's equity of 31
December 2012 has been reduced by EUR 38 million, comprising a EUR 51 million
increase in actuarial losses and related deferred tax assets of EUR 13 million.
The Group's defined benefit liability has increased to EUR 99 million.

The Group's financial reporting will reflect this change from the Interim Report
for January 1 - March 31, 2013 onwards. Group and segment information for 2012
has been restated in compliance with the requirements of the revised standard
and are presented in the enclosed tables.
Neste Oil Corporation

Kaisa Lipponen
Director, Corporate Communications

Further information: Matti Piri, Acting CFO, tel. +358 10 458 4960
Attachment: Neste Oil's comparatives for Jan 1- Dec 31, 2012

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





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