Neste Oil - Changes board/management/auditors

Changes in the Neste Executive Team

The composition of the Neste Executive Team is to change until the
company's operations will be reorganized at the beginning of April
2009.
Senior Vice President, Safety Ilkka Poranen will take over as Acting
Executive Vice President, Oil Refining; Vice President, Base Oils
Matti Lehmus will take over as Acting Executive Vice President,
Specialty Products; and Vice President, Operations Ari Dufvelin will
take over as Acting Executive Vice President, Shipping.
Executive Vice President Jorma Haavisto, who has headed the Oil
Refining Division, will take up other duties within the company.
Executive Vice Presidents Kimmo Rahkamo and Risto Näsi, who have
headed the Specialty Products and Shipping Divisions respectively,
will leave the company.
All the above changes will come into effect immediately. Neste Oil
announced on 5 February 2009 that it will introduce a new
organization on 1 April this year, and the changes covered in this
release are linked to the preparations for this reorganization.
NESTE OIL CORPORATION
Matti Lievonen
President & CEO
Further information: President & CEO Matti Lievonen, tel. +358 (0)10
458 11

Neste Oil in brief
Neste Oil Corporation is a refining and marketing company
concentrating on low-emission, high-quality traffic fuels. The
company's strategy is based on growing both its oil refining and
premium-quality renewable diesel businesses. Neste Oil's refineries
are located in Porvoo and Naantali and have a combined crude oil
refining capacity of approx. 260,000 barrels a day. The company had
net sales of EUR 15 billion in 2008 and employs around 5,200 people.
Neste Oil is listed on NASDAQ OMX Helsinki. www.nesteoil.com.