Neste Oyj — Board/Management Information 2010

Feb 1, 2010

Neste Oil's Nomination Committee's proposal for composition of the Board of Directors

Neste Oil's Nomination Committee's proposal for composition of the Board of Directors

Neste Oil's Nomination Committee's proposal for composition of the Board of
Directors

Neste Oil Corporation        
Stock Exchange Release  
1 February 2010 at 9.00 a.m. (EET)


Neste Oil's Nomination Committee's proposal for composition of the Board of
Directors


The Nomination Committee, established by Neste Oil Corporation's Annual General
Meeting on 3 April 2009, will propose to the Annual General Meeting to be held
on 15 April 2010 that the company's Board of Directors should comprise the
following members:

Mr Timo Peltola should be re-elected as the Chairman of the Board, Mr Mikael von
Frenckell as Vice Chairman, and Board members Mr Michiel Boersma, Ms Ainomaija
Haarla, Ms Nina Linander, Mr Hannu Ryöppönen and Mr Markku Tapio should be
re-elected for a further term of office. The Nomination Committee's candidate
for a new Board member is Ms Maija-Liisa Friman, MSc.

All those concerned have given their consent to Board service. All the nominees
are considered independent, with the exception of Mr Markku Tapio, who is
employed by the majority owner, the Finnish State.

The Nomination Committee will also propose that the remuneration paid to the
Board of Directors should remain unchanged and be as follows:

Chairman EUR 66,000/year
Vice Chairman EUR 49,200/year
Member EUR 35,400/year
Meeting fee EUR 600/meeting

The meeting fee applies also to Board's committee meetings, and is proposed to
be paid in double for the members living outside of Finland.

Shareholders' Nomination Committee was appointed in November 2009. According to
the decision made by the Annual General Meeting, the Nomination Committee
consisted of the representatives of the three largest shareholders as of 2
November 2009. The Nomination Committee comprised following persons: Director
General, Mr Pekka Timonen from the Ownership Steering Department at the Prime
Minister's Office; Mr Timo Ritakallio, Deputy CEO, Ilmarinen Mutual Pension
Insurance Company; and Mr Risto Murto, Chief Investment Officer, Varma Mutual
Pension Insurance Company. The Chairman of Neste Oil's Board of Directors, Mr
Timo Peltola and Vice Chairman, Mr Mikael von Frenckell served as the
Committee's expert members.

There is career and other relevant information on all persons proposed for Board
service at www.nesteoil.com. In addition, information on Ms Friman, who is
proposed to be elected as a new Board member, is attached.


Neste Oil Corporation
Hanna Maula
Director, Corporate Communications


Further information: Mr Timo Peltola, Chairman of the Board, tel. +358 (0)10 458
11



Neste Oil in brief

Neste Oil Corporation is a refining and marketing company concentrating on
low-emission, high-quality traffic fuels. The company is the world's leading
supplier of renewable diesel. Neste Oil's refineries are located in Porvoo and
Naantali and have a combined crude oil refining capacity of approx. 260,000
barrels a day. The company had net sales of EUR 15 billion in 2008 and employs
around 5,200 people. Neste Oil's share is listed on the NASDAQ OMX Helsinki.

Neste Oil has been selected into the Dow Jones Sustainability World Index and
awarded 'Best in Class' recognition for its social accountability by Storebrand.
The company is also featured in the Ethibel Pioneer Investment Register and
included in Innovest's Global 100 list of the world's most sustainable
corporations. Further information: www.nesteoil.com.

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