2015-04-01 15:03:30 CEST

2015-04-01 15:04:37 CEST


REGULATED INFORMATION

English
Neste Oil - Decisions of general meeting

Decisions taken by Neste Oil's Annual General Meeting 


Neste Oil Corporation
Stock Exchange Release
1 April 2015 at 4 p.m. (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 2014 and discharged the Board of Directors
and the President & CEO from liability for 2014.

Dividend of EUR 0.65 per share

The AGM also approved the Board of Directors' proposal regarding the
distribution of the company's profit for 2014, authorizing payment of a dividend
of EUR 0.65 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 7 April 2015. Payment will be
made on 14 April 2015.

Composition of the Board of Directors

In accordance with the proposal made by the Shareholders' Nomination Board, the
AGM confirmed the membership of the Board of Directors at seven members, and the
following were re-elected to serve until the end of the next AGM: Mr Jorma
Eloranta, Ms Maija-Liisa Friman,  Ms Laura Raitio, Mr Jean-Baptiste Renard, Mr
Willem Schoeber, and Ms Kirsi Sormunen. Mr Marco Wirén was elected as a new
Board member. Mr Eloranta was re-elected as Chair and Ms Friman as Vice Chair.
Board member introductions can be found at company's web site.

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

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

In addition to the annual fee, members of the Board of Directors will receive a
meeting fee of EUR 600 for each Board and Committee meeting held in the member's
home country and EUR 1,200 for each Board and Committee meeting held in another
country, plus compensation for expenses pertaining to the company's travel
guidelines. The meeting fee for telephone meetings will be paid according to the
fee payable for meetings held in each member's home country.

Company Auditor

In accordance with a proposal by the Board of Directors, PricewaterhouseCoopers
Oy, were appointed as the company's Auditor, with Authorized Public Accountant
Mr Markku Katajisto as the principally responsible auditor for Neste Oil
Corporation, until the end of the next AGM. Payment for their services shall be
made in accordance with their invoice approved by the Company.

Amending the Company's Articles of Association

In accordance with a proposal by the Board of Directors, the AGM amended the
Company's Articles of Association 1 § as follows:"1 § Company Name and Domicile

The company name of the Company is Neste Oyj, Neste Abp in Swedish, and Neste
Corporation in English. The Company is domiciled in Espoo. "

Authorizing the Board of Directors to decide the buyback of Company shares

In accordance with a proposal by the Board of Directors, the AGM authorized the
Board to decide the purchase of the Company's own shares ('Buyback
authorization') under the following terms:

Under this Buyback authorization, the Board shall be authorized to decide the
purchase of and/or take as security a maximum of 1,000,000 Company shares using
the Company's unrestricted equity. The number of shares shall be equivalent to
approximately 0.39% of the Company's total shares.

Shares may be purchased in one or more lots. The purchase price shall be at
least the lowest price paid for Company shares in regulated trading at the time
of purchase and no more than the highest price paid for Company shares in
regulated trading at the time of purchase. In connection with the buyback of
Company shares, derivative, share lending, or other agreements that are normal
within the framework of capital markets may take place in accordance with
legislative and regulatory requirements and at a price determined by the market.
The authorization shall allow the Board to decide to purchase shares otherwise
than in proportion to shareholders' current holdings (directed buyback).

Shares so purchased can be used as consideration in possible acquisitions or in
other arrangements that are part of the Company's business, to finance
investments, as part of the Company's incentive program, or be retained,
conveyed, or cancelled by the Company.

The Board of Directors shall decide the other terms related to the buyback of
Company shares. The Buyback authorization shall remain in force for eighteen
(18) months from the decision taken by the AGM.

Authorizing the Board of Directors to decide the conveyance of treasury shares

In accordance with a proposal by the Board of Directors, the AGM authorized the
Board to decide the conveyance of the treasury shares held by the Company under
the following terms:

Under this authorization, the Board shall be authorized to take one or more
decisions concerning the distribution of the treasury shares held by the
Company, with the proviso that the number of shares thereby conveyed totals a
maximum of 2,000,000 shares, equivalent to approximately 0.78% of all the
Company's shares.

The treasury shares held by the Company can be distributed to the Company's
shareholders in proportion to the shares they already own or via a directed
share issue that bypasses shareholders' pre-emptive rights if the Company has a
weighty financial reason for doing so, such as using the shares in question as
consideration in possible acquisitions or in other arrangements that are part of
the Company's business, to finance investments, or as part of the Company's
incentive program.

The treasury shares held by the Company can be conveyed against payment or
distributed free of charge. A directed share issue can only be made free of
charge if there is a particularly weighty financial reason, in respect of the
Company's interests and those of all its shareholders, for doing so.

The Board will also be responsible for the other terms and conditions of a share
issue. The authorization shall remain in force until 30 June 2018.

Availability of the minutes for review

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

Kaisa Lipponen
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 specializing in high-
quality fuels for cleaner traffic. The company produces all of the most
important oil products and is the world's leading supplier of diesels made of
renewable raw materials. In 2014, the company's net sales stood at EUR 15
billion, and it employs some 5,000 people. Neste Oil shares are listed on the
NASDAQ Helsinki.

Neste Oil has been accepted into the Dow Jones Sustainability World Index. The
company has also been on the Global 100 list of sustainable companies for
several years in succession. CDP Forest has selected Neste Oil as one of the
best companies taking care of their forest footprint in the oil and gas
industry.www.nesteoil.com




[HUG#1908274]