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2014-04-03

Neste Oil Oyj: Decisions taken by Neste Oil's Annual General Meeting

Neste Oil Corporation

Stock Exchange Release
3 April 2014 at 5.20 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
Finlandia Hall and adopted the company's financial statements and
consolidated financial statements for 2013 and discharged the Board of
Directors and the President&CEO from liability for 2013.

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 2013, 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 8 April
2014. Payment will be made on 15 April 2014.

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, , Mr Per-Arne Blomquist, Ms Laura
Raitio, Mr Willem Schoeber, and Ms Kirsi Sormunen. Mr Jean-Baptiste Renard
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, 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.

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 Company's
Articles of Association was amended as follows:
a. Remove the requirement contained in Article 4 that a person who has reached
the age of 68 cannot be elected to the Board of Directors and keep Article 4
otherwise unchanged.

b. Amend Article 10 to read as follows:

"10 § Notice of a General Meeting of Shareholders

Notices convening a General Meeting of Shareholders are issued by the Board of
Directors. Notices shall be delivered by publishing them on the Company's Web
site no earlier than two (2) months and no later than three (3) weeks prior
to a meeting and at least nine (9) days prior to the record date set for the
meeting. In addition, the Company shall publish details on the date and
location of the meeting, together with the address of the Company's Web site,
in one or more newspapers within the same period of time.

To participate in a General Meeting of Shareholders, a shareholder must
register with the Company by the date specified in the notice, which date
shall not be earlier than ten (10) days before the General Meeting of
Shareholders. Since the Company's shares are included in the book-entry
system, the provisions of the Finnish Companies Act concerning the right to
participate in General Meetings of Shareholders shall also be taken into
account.

The General Meetings of Shareholders shall be held in Espoo, Helsinki, or
Vantaa."

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 2,000,000 Company shares
using the Company's unrestricted equity. The number of shares shall be
equivalent to approximately 0.78% 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 2017.

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 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 17.5 billion in
2013 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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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Neste Oil Oyj via Globenewswire

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