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2016-05-12

Neste Oyj: The State of Finland is proposing amendments to its ownership policy - holding in shares of Neste could decrease

Neste Corporation

Stock Exchange Release
12 May 2016 at 5.30 pm (EET)

The State of Finland is proposing amendments to its ownership policy - holding
in shares of Neste could decrease

Neste was informed on May 12, 2016, that the Finnish Government's Ministerial
Committee on Economic Policy proposed a guideline on the State's ownership
policy. The Government proposes a new lower limit of 33.4% for the
implementation of strategic interest, which will be applied to Neste.

The Prime Minister's Office holding in Neste Corporation is at the moment
128,458,247 shares which equals 50.1% of the shares and votes. According to
the Government's proposal, the Prime Minister's Office's holding in Neste
Corporation shares would decrease from 50.1% to 33.4%. The remaining 16.7% of
the Neste shares currently held by the Prime Minister's Office would be
transferred to a new development company owned by the government.

"Ownership arrangements are up to the shareholder to decide, and from the
company's point of view, we naturally see no obstacle to this. The planned
changes in the shareholding of the State of Finland will not have effects on
Neste's business," says Jorma Eloranta, Chair of the Board of Directors of
Neste.

The Government aims to approve the decision-in-principle on the state's
ownership steering in its plenary meeting on Friday, May 13. The Finnish
Parliament decides on ownership limits and changes in them.

Neste Corporation

Kaisa Lipponen
Director, Corporate Communications

Media contacts: Kaisa Lipponen, Director of Corporate Communications, tel.
+358 50 458 5044

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: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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