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2014-04-24

Neste Oil Oyj: Neste Oil to start purchases of company shares

Neste Oil Corporation

Stock Exchange Release
24 April 2014 at 3.45 p.m. (EET)

Neste Oil to start purchases of company shares

Neste Oil's Board of Directors has decided to exercise the buyback
authorization issued by the Annual General Meeting on 3 April 2014 to
purchase company's own shares. Under the authorization, the Board is
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 is 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 Neste Oil 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. Derivative, share lending, or
other agreements that are normal within the framework of capital markets may
take place in connection with the buyback of company shares, in accordance
with legislative and regulatory requirements and at a price determined by the
market. The authorization allows the Board to decide to purchase shares
otherwise than in proportion to shareholders' current holdings (directed
buyback).

Shares purchased in this way 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.

Neste Oil Corporation

Kaisa Lipponen
Director, Corporate Communications

Further information: 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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