Neste Oyj — Capital/Financing Update 2021

Mar 18, 2021

Neste Corporation issues EUR 500 million green bond

Neste Corporation issues EUR 500 million green bond

Neste Corporation, Stock Exchange Release, 18 March 2021 at 8 p.m. (EET)

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN,
NEW ZEALAND, SINGAPORE OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE
RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

Neste Corporation issues a EUR 500 million green bond. The 7-year bond carries a
coupon of 0.75 per cent. The bond offering was allocated to approximately 120
investors. Neste Corporation will apply for the listing of the bond on the
official list of sustainable bonds of Nasdaq Helsinki Ltd. The bond represents
the first issuance under the newly established Green Finance Framework.

The proceeds from the issue will be used in accordance with the Neste
Corporation’s Green Finance Framework to for example investments into the
development, operations, maintenance and expansion of the company’s renewable
and circular solutions with the objective to mitigate climate change globally by
reducing greenhouse gas emissions.

Barclays Bank Ireland PLC, Citigroup Global Markets Limited and Nordea Bank Abp
acted as joint lead managers for the transaction and Nordea Bank Abp acted as
Green Structuring Advisor.

“With the issuance of our first Green Bond, we are providing investors the
opportunity to support our objective to mitigate climate change globally by
reducing greenhouse gas emissions through our renewable and circular solutions,”
says Mika Rydman, Vice President and Group Treasurer, Neste.

Neste Corporation

Susanna Sieppi
Vice President, Communications

More information:

Mika Rydman, Vice President and Group Treasurer, Neste.
Please contact Neste’s media service, tel. +358 50 458 5076 / media@neste.com
(weekdays from 8:30 a.m. to 4:00 p.m. (EET)).

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 renewable
diesel and sustainable aviation fuel, developing chemical recycling to combat
the plastic waste challenge. We aim at helping customers to reduce greenhouse
gas emissions with our renewable and circular solutions by at least 20 million
tons annually by 2030. As a technologically advanced refiner of high-quality oil
products with a commitment to reach carbon-neutral production by 2035, we are
also introducing renewable and recycled raw materials such as waste plastic as
refinery raw materials. We have consistently been included in the Dow Jones
Sustainability Indices and the Global 100 list of the world’s most sustainable
companies. In 2020, Neste's revenue stood at EUR 11.8 billion, with 94% of the
company’s comparable operating profit coming from renewable products. Read more:
neste.com (http://www.neste.com/en)

Disclaimer

The information contained herein is not for release, publication or
distribution, in whole or in part, directly or indirectly, in or into the United
States, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South
Africa or such other countries or otherwise in such circumstances in which the
release, publication or distribution would be unlawful. The information
contained herein does not constitute an offer to sell or the solicitation of an
offer to buy, nor shall there be any sale of, the notes in any jurisdiction in
which such offer, solicitation or sale would be unlawful prior to registration,
exemption from registration or qualification under the securities laws of any
such jurisdiction.

This communication does not constitute an offer of securities for sale in the
United States. The notes have not been and will not be registered under the U.S.
Securities Act of 1933, as amended (the "Securities Act") or under the
applicable securities laws of any state of the United States and may not be
offered or sold, directly or indirectly, within the United States or to, or for
the account or benefit of, U.S. persons except pursuant to an applicable
exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act.

This communication does not constitute an offer of notes to the public in the
United Kingdom. No prospectus has been or will be approved in the United Kingdom
in respect of the notes. Consequently, this communication is directed only at
persons in the United Kingdom in circumstances where provisions of section 21(1)
of the Financial Services and Markets Act 2000, as amended, do not apply and are
solely directed at persons in the United Kingdom who, (i) have professional
experience in matters relating to investments falling within Article 19(5) of
the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005
(the "Order"), (ii) high net worth entities falling within Article 49(2)(a) to
(d) of the Order and (iii) other persons to whom it may lawfully be communicated
(all such persons together being referred to as "relevant persons"). This
release is directed only at relevant persons and any person who is not a
relevant person must not act or rely on this release or any of its contents.