Neste Oyj - Other information disclosed according to the rules of the Exchange

Shareholders' Nomination Board's proposal for the composition of Neste's Board of Directors

Neste Corporation
Stock Exchange Release
27 January 2017 at 9.00 am. (EET)

Shareholders' Nomination Board's proposal for the composition of Neste's Board
of Directors

The Shareholders' Nomination Board, established by Neste Corporation's Annual
General Meeting (AGM) on 4 April 2013, will propose to the AGM to be held on 5
April 2017 that the company's Board of Directors should comprise the following
members:

Mr. Jorma Eloranta should be re-elected as Chair, and Board members Ms. Laura
Raitio, Mr. Jean-Baptiste Renard, Mr. Willem Schoeber and Mr. Marco Wirén should
be re-elected for a further term of office.

The Shareholders' Nomination Board further proposes that the Board should have
eight members and that Ms. Martina Flöel (PhD, Chemistry), Ms. Heike van de
Kerkhof (BSc, Mechanical Engineering, and MBA) and Mr. Matti Kähkönen (M.Sc.
Eng) should be elected as new members. The Nomination Board further proposes
that Mr. Kähkönen should be elected as the Vice Chair of the Board. Brief
presentations of the proposed new members are attached to this release.

All of those concerned have given their consent to serving on the Board and are
considered to be independent of the company and its major shareholders.

"The Nomination Board has evaluated that in line with the Company's key
strategic goals, the Neste Board needs members who are experienced in leading
and developing international businesses, and who have been accountable for their
profits. We believe that our proposal answers to this need. Also, this proposal
reflects the ideal of renewing the board from time to time, regardless of the
current board's success," says Eero Heliövaara, Chair of the Nomination Board.

Current Neste Board members Maija-Liisa Friman and Kirsi Sormunen will end their
service on Neste's Board at the end of Annual General Meeting in April.

"For many years, Maija-Liisa and Kirsi have had a positive impact on what Neste
has become today. During her tenure in the Board, Maija-Liisa has been a member,
either in the Board's Personnel and Remuneration Committee or the Audit
Committee. She has also been the Vice Chair all through my time as Chair of the
Board since 2012. Kirsi has been a member of the Audit Committee throughout her
service as a Board member. Their devotion to the work in the Board and its
Committees has been strong and highly valued. I would like to thank Maija-Liisa
and Kirsi warmly for the work they have done for Neste," says Neste's Chair of
the Board and a member of the Nomination Board, Mr. Jorma Eloranta.

The Shareholders' Nomination Board will also propose that the remuneration paid
to the Board of Directors for their following term of office should remain
unchanged and be as follows:
Chair, EUR 66,000/year
Vice Chair, EUR 49,200/year
Member, EUR 35,400/year.

In addition to the annual fee, members of the Board of Directors would receive a
meeting fee of EUR 600 for each meeting held in the member's home country and
EUR 1,200 for each 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.

The Shareholders' Nomination Board was appointed on 2 September 2016. In
accordance with a decision made by the AGM, the Nomination Board consisted of
representatives of the company's three largest shareholders, as of the first
weekday in September: Eero Heliövaara, Director General of the Ownership
Steering Department of the Prime Minister's Office; Timo Ritakallio, President
and CEO of Ilmarinen Mutual Pension Insurance Company; Liisa Hyssälä, Director
General of Kela, and Jorma Eloranta, the Chair of Neste's Board of Directors.
Due to the retirement of Hyssälä, the new Director General of Kela, Elli
Aaltonen, succeeded her as a member of the Neste's Shareholders' Nomination
Board on 1 January 2017.

The Nomination Board was unanimous in all its proposals. As Chair of the Board
of Directors, Jorma Eloranta did not take part in the decision-making on the
Nomination Board's proposal related to the Chair of the Board and the
remuneration payable to the Chair.

Career and other relevant information on all those proposed for Board service
can be found at www.neste.com

Neste Corporation

Kaisa Lipponen

Director, Corporate Communications

Further information: Eero Heliövaara, Chair of the Nomination Board, tel.
+358 50 368 7016

Neste in brief

Neste (NESTE, Nasdaq Helsinki) builds sustainable options for the needs of
transport, businesses and consumers. Our global range of products and services
allows customers to lower their carbon footprint by combining high-quality and
low-emission renewable products and oil products to tailor-made service
solutions. We are the world's largest producer of renewable diesel refined from
waste and residues, and we are also bringing renewable solutions to the aviation
and plastics industries. We want to be a reliable partner whose expertise,
research and sustainable practices are widely appreciated. In 2015, Neste's net
sales stood at EUR 11 billion, and we were on the Global 100 list of the 100
most sustainable companies in the world. Read more: www.neste.com/en




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Attachments:

Photo: Matti Kähkönen.jpg

Brief presentations of the proposed new members of Neste.pdf

Photo: Martina Flöel.jpg

Photo: Heike van de Kerkhof.jpg