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2016-01-25

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

Neste Corporation

Stock Exchange Release
25 January 2016 at 3.30 pm. (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
30 March 2016 that the company's Board of Directors should comprise the
following members:

Mr. Jorma Eloranta should be re-elected as Chair and Ms. Maija-Liisa Friman as
Vice Chair of the Board. In addition, Board members Ms. Laura Raitio, Mr.
Jean-Baptiste Renard, Mr. Willem Schoeber, Ms. Kirsi Sormunen and Mr. Marco
Wirén should be re-elected for a further term of office.

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

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 3 September 2015. 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 Prime
Minister's Office's Ownership Steering Department (Chair); Mikko Mursula,
Chief Investment Officer of Ilmarinen Mutual Pension Insurance Company; Reima
Rytsölä, Chief Investment Officer of Varma Mutual Pension Insurance Company;
and Jorma Eloranta, the Chair of Neste's Board of Directors.

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 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. 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 2014 amounted to approximately EUR 15 billion, and our shares
are listed on NASDAQ Helsinki. Cleaner traffic, energy and life are moved
forward by about 5,000 professionals. More information: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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