Neste Oyj — Board/Management Information 2022

Sep 6, 2022

Neste's Shareholders' Nomination Board appointed

Neste's Shareholders' Nomination Board appointed

Neste Corporation (http://www.neste.com/fi), Stock Exchange Release, 6 September
2022 at 6 p.m. (EET)

The following members have been appointed to Neste's Shareholders' Nomination
Board:

The Chair, Director General Kimmo Viertola of the Ownership Steering Department
in the Prime Minister's Office of Finland; Timo Sallinen, Senior Vice President,
Investments of Varma Mutual Pension Insurance Company; President and CEO Jouko
Pölönen of Ilmarinen Mutual Pension Insurance Company and Matti Kähkönen, the
Chair of  (http://www.neste.com/fi)Neste's Board of Directors.

I (http://www.neste.com/fi)n line with a decision taken by the Annual General
Meeting (AGM) held on 4 April 2013, the Shareholders' Nomination Board consists
of four members, three of which shall be appointed by the company's three
largest shareholders as of the first weekday in September, who shall appoint one
member each, with the Chair of Neste's Board of Directors serving as the fourth
member.

The Nomination Board is responsible for drafting and presenting proposals
covering potential Board members to the AGM as well as the remuneration and
number of members of the Board of Directors. The Nomination Board will forward
its proposals for the AGM to the Board of Directors by 31 January 2023.

Neste Corporation

Susanna Sieppi
Vice President, Communications

More information: Matti Kähkönen, Chair of the Board of Directors, Neste, tel.
+358 10 458 0902 / Krista Lundell

Neste in brief

Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change
and accelerating a shift to a circular economy. We refine waste, residues and
innovative raw materials into renewable fuels and sustainable feedstock for
plastics and other materials. We are the world's leading producer of sustainable
aviation fuel and renewable diesel and developing chemical recycling to combat
the plastic waste challenge. We aim at helping customers to reduce their
greenhouse gas emissions with our renewable and circular solutions by at least
20 million tons annually by 2030. Our ambition is to make the Porvoo oil
refinery in Finland the most sustainable refinery in Europe by 2030. We are
introducing renewable and recycled raw materials such as liquefied waste plastic
as refinery raw materials. We have committed to reaching carbon-neutral
production by 2035, and we will reduce the carbon emission intensity of sold
products by 50% by 2040. We also have set high standards for biodiversity, human
rights and supply chain. We have consistently been included in the Dow Jones
Sustainability Indices and the Global 100 list of the world's most sustainable
companies. In 2021, Neste's revenue stood at EUR 15.1 billion. Read more:
neste.com (https://www.neste.com/)