Neste Oil - Decisions of general meeting

Decisions taken by Neste Oil's Annual General Meeting

Neste Oil Corporation
Stock Exchange Release
14 April 2011 at 3.45 pm (EET)

Decisions taken by Neste Oil's Annual General Meeting

Neste Oil Corporation's Annual General Meeting (AGM) was held today at the
Helsinki Fair Centre and adopted the company's financial statements and
consolidated financial statements for 2010 and discharged the Supervisory Board,
Board of Directors, and management from liability for 2010.

Dividend of EUR 0.35 per share

The AGM also approved the Board of Directors' proposal regarding the
distribution of the company's profit for 2010, sanctioning payment of a dividend
of EUR 0.35 per share. This will be paid to all shareholders included in the
register of shareholders maintained by the Euroclear Finland on the record date
set for payment of the dividend, which shall be 19 April 2011. Payment will be
made on Thursday, 28 April 2011.

Composition and remuneration of the Board of Directors

In accordance with the proposal made by the AGM Nomination Committee, the AGM
confirmed the membership of the Board of Directors at eight members, and the
following were re-elected to serve until the end of the next AGM: Mr Timo
Peltola, Mr Michiel Boersma, Ms Maija-Liisa Friman, Ms Nina Linander, Mr Hannu
Ryöppönen and Mr Markku Tapio. Mr Jorma Eloranta and Ms Laura Raitio were
elected as new members. Mr Eloranta was also elected as Vice Chairman. Mr Timo
Peltola will continue as Chairman. Board member introductions can be found at
company's web site.

The AGM decided to keep the remuneration to the Board unchanged as follows:

· Chairman  EUR 66,000 a year
· Vice Chairman  EUR 49,200 a year
· members  EUR 35,400 a year.

In addition, those participating at Board meetings and meetings convened by the
Board's committees will receive a payment of EUR 600 per meeting, together with
their travelling costs, in accordance with the company's travel policy. A
payment of double this, EUR 1,200 per meeting, will be made to Board members
living outside Finland.

Abolition of the Supervisory Board

In accordance with a proposal by the State of Finland and the Finnish
Shareholders Association, the Supervisory Board was abolished. The AGM decided
that the Company's Articles of Association will be amended to reflect this,
removing Section 4 and Items 3, 8, and 10 of Subsection 2 of Section 12 in their
entirety and removing or amending those parts of Items 6 and 7 and Section 6
relating or referring to the Supervisory Board, and renumbering the Articles of
Association accordingly.

All members of the Supervisory Board were re-elected for a term of office ending
when the appropriate amendments to the company's Articles of Association have
been registered. No remuneration will be paid to the Chairman, Vice Chairman, or
other members of the Supervisory Board for the period between the Annual General
Meeting and the registration of the relevant amendments to the company's
Articles of Association.

Company Auditor

In accordance with a proposal by the Board of Directors, Ernst & Young Oy,
Authorized Public Accountants, were appointed as the company's Auditor, with
Authorized Public Accountant Anna-Maija Simola as Senior Auditor, until the end
of the next AGM. Payment for their services shall be made in accordance with
their invoice.

AGM's Nomination Board

Following a proposal by the Prime Minister's Office, representing the Finnish
State, the AGM decided to establish an AGM Nomination Board to prepare proposals
covering the members of the Board of Directors and their remuneration for
consideration by the next AGM. The Nomination Board comprises representatives of
the Company's three largest shareholders and shall also include, as an expert
member, the Chairman of the Board. The right to appoint the shareholder
representatives on this Nomination Board will lie with the three shareholders
holding the largest number of votes associated with all the company's shares on
1 November preceding the AGM. In the event that a shareholder does not wish to
exercise his right to appoint a representative, this right shall pass to the
next-largest shareholder. The company's largest shareholders shall be determined
on the basis of the information on holdings registered in the book-entry system,
with the proviso that the holdings of a shareholder required under securities
legislation to flag certain changes in his holdings, and with shares spread
across a number of funds, for example, shall be combined if the shareholder
informs the company of his wishes to this effect in writing by 28 October 2011.
The Chairman of the Board of Directors will be responsible for convening the
Nomination Board, and the Nomination Board's members will appoint a Chairman
from among themselves. The Nomination Board will present their proposal to the
Board of Directors by 1 February prior to the AGM at the latest.
The minutes of the Annual General Meeting shall be available for review in two
weeks from the Annual General Meeting at the company's headquarters.

Neste Oil Corporation
Hanna Maula
Director, Corporate Communications

For further information, please contact Mr Matti Hautakangas, General Counsel,
tel. +358 (0)50 458 5350

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. The company had net sales of EUR 11.9 billion in 2010 and employs around
5,000 people. Neste Oil's share is listed on the NASDAQ OMX Helsinki.

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


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