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2016-02-04

Neste Oyj: Payment of share rewards based on the share based incentive plan as a directed share issue of own shares of the company without consideration

Neste Corporation

Stock Exchange Release
4 February 2016 at 9.30 am (EET)
Payment of share rewards based on the share based incentive plan as a directed
share issue of own shares of the company without consideration

On 3 February 2016, the Board of Directors of Neste Corporation has confirmed
the maximum number of shares earned based on the earning period 2013-2015 of
the share based incentive plan 2013 for the company's key personnel and
resolved on the payment of the share rewards earned based on said earning
period.

Neste Corporation announced the establishment of this incentive plan with a
stock exchange release published on 14 December 2012.
The rewards earned based on the performance period 1 January 2013 - 31
December 2015 of the share based incentive plan 2013 shall be paid partly in
shares of the company and partly in cash. The proportion paid in cash will
cover taxes and tax related costs arising from the rewards.

There will be a maximum of 200,000 shares in total paid to the participants of
the plan as share rewards based on the 2013-2015 earning period. The share
rewards are paid by transferring a maximum of 200,000 own shares held by the
company without consideration to the participants. The aim is to pay the
share rewards by 31 March 2016. The final number of the shares to be
transferred will be determined on the basis of the terms and conditions of
the incentive plan by 31 March 2016 at the latest. The Board of Directors has
resolved on the transfer of the own shares based on the authorization granted
by the Annual General Meeting of Shareholders held on 1 April 2015. The
shares to be transferred are of the same class as the company's other shares.

There is an especially weighty financial reason for the Company, also taking
into account the interests of all the Company's shareholders, to deviate from
the shareholders' pre-emptive subscription right in the issue of the
Company's own treasury shares without consideration. The shares issued
constitute share rewards within the long-term share-based incentive program
of the Company's Management and these share rewards are, in accordance with
the objectives of the incentive program, intended to align the interests of
the Management with the interests of the shareholders and to encourage the
Management to work on a long-term basis with the aim to increase the
shareholder value.

The company holds 798,467 own shares before the above transfer of shares. The
maximum aggregate number of shares to be transferred as reward shares is
200,000 shares. After the above transfer the company will hold a minimum of
598,467 own shares.

Neste Corporation
Board of Directors

For more information, please contact: Hannele Jakosuo-Jansson, Senior Vice
President, Human Resources and Safety, tel. +358 10 458 4688

Neste in brief

Neste is a pioneer in oil refining and renewable solutions. We provide our
customers with premium-quality products for cleaner traffic and industrial
products based on world-class research. We are the world's leading producer
of renewable diesel, and our annual production capacity is more than 2
million tons. We also are the world's largest company providing renewable
fuel from waste and residues. Our sustainable operations have received
recognition in the Dow Jones Sustainability World Index and the Global 100
list of the world's most sustainable companies, among others. Our net sales
for 2015 amounted to approximately EUR 11 billion, and our shares are listed
on NASDAQ Helsinki. Cleaner traffic, energy and life are moved forward by
about 5,000 professionals. More information:www.neste.com/en

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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 Oyj via Globenewswire

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