Neste Oyj — Major Shareholding Notification 2020

Oct 14, 2020

Notification under Chapter 9, Section 10 of the Finnish Securities Market Act: holdings of Société Générale S.A. in Neste Corporation decreased below 5%

Notification under Chapter 9, Section 10 of the Finnish Securities Market Act: holdings of Société Générale S.A. in Neste Corporation decreased below 5%

Neste Corporation, Stock Exchange Release, 14 October 2020 at 7 p.m. (EET)
Neste Corporation has today received a notification under Chapter 9, Section 10
of the Finnish Securities Market Act (FSMA). According to the notification, the
holdings of Société Générale S.A. in Neste Corporation have on 13 October 2020
decreased below 5% of the total number of shares and voting rights of Neste
Corporation.
According to the notification received by Neste Corporation, the holdings of
Société Générale S.A. in Neste Corporation on 13 October 2020 amounted to a
total of 33,970,199 shares, corresponding to approximately 4.42% of the total
number of shares and voting rights of Neste Corporation. The share stock of
Neste Corporation consists of 769,211,058 shares, each entitling one vote.
6. Total positions of person(s) subject to the notification obligation:

            % of    % of shares and voting rights  Total % of shares
            shares  through financial instruments  and voting rights
            and     (B)                            (A+B)
            voting
            rights
            (A)

Proportion 0.25 4.17 4.42
after reaching
or
exceeding the
flagging
threshold
Position at 1.05 4.10 5.15
previous
notification
7. Notified details of the resulting situation on the date on which the
threshold was crossed or reached:

A: Shares and voting rights

Share Number of % of shares and voting rights
class/type shares and
(ISIN) voting rights
Direct (FSMA Indirect Direct (FSMA 9:5) Indirect (FSMA 9:6 and 9:7)
9:5) (FSMA 9:6 and
9:7)
FI0009013296 1,936,633 0.25
Subtotal A 1,936,633 0.25

B: Financial Instruments according to SMA 9:6a

Type of Expiration Exercise/ Physical Number of % of shares
financial date Conversion or shares and voting
instrument Period cash and voting rights
  settlement rights
Right to N/A N/A Physical 2,569,597 0.33
recall
lent
securities
OTC Call 03/01/2033 Until Cash 1,467,777 0.19
Option 03/01/2033
on Basket
OTC Call 21/01/2033 Until Cash 4,580,694 0.60
Option 21/01/2033
on Basket
Certificate 03/01/2033 Until Cash 578,187 0.07
03/01/2033
Contract N/A N/A Cash 3,101 0.00
For
Difference
Equity 27/10/2020 27/10/2020 Cash 5,500,000 0.72
Linked
Swap
Equity 28/10/2020 28/10/2020 Cash 3,000,000 0.39
Linked
Swap
Euro Medium 17/05/2024 17/05/2024 Cash 4,405 0.00
Term Note
OTC Call 03/01/2025 Until Cash 300,301 0.04
Option 03/01/2025
OTC Call 03/01/2033 Until Cash 500,000 0.07
Option 03/01/2033
OTC Call 20/11/2020 20/11/2020 Cash 33,469 0.00
Option
OTC Call 27/11/2020 27/11/2020 Cash 4,689 0.00
Option
OTC Call 11/12/2020 11/12/2020 Cash 9,259 0.00
Option
OTC Call 18/12/2020 18/12/2020 Cash 1,454,397 0.19
Option
OTC Put 03/01/2033 Until Cash 400,000 0.05
Option 03/01/2033
OTC Put 20/11/2020 20/11/2020 Cash 29,913 0.00
Option
OTC Put 18/12/2020 18/12/2020 Cash 1,417,039 0.18
Option
Listed Call 03/01/2025 Until Cash 300,000 0.04
Warrant 03/01/2025
Listed Call 03/01/2033 Until Cash 1,965,470 0.26
Warrant 03/01/2033
Listed Call 21/01/2033 Until Cash 4,580,450 0.60
Warrant 21/01/2033
Listed Call 20/11/2020 20/11/2020 Cash 33,469 0.00
Warrant
Listed Call 18/12/2020 18/12/2020 Cash 1,454,397 0.19
Warrant
Listed Put 03/01/2033 Until Cash 400,000 0.05
Warrant 03/01/2033
Listed Put 20/11/2020 20/11/2020 Cash 29,913 0.00
Warrant
Listed Put 18/12/2020 18/12/2020 Cash 1,417,039 0.18
Warrant
Subtotal B 32,033,566 4.17

Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity:

Name % of shares and % of shares and voting rights Total of
voting rights  through financial instruments both, %
Société 0.59 2.51 3.10
Générale S.A.
Société 0.00 1.28 1.28
Générale
Effekten Gmbh
SG issuer 0.00 0.04 0.04

Neste Corporation

Susanna Sieppi
Vice President, Communications

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 2019, Neste's revenue stood at EUR 15.8 billion, with 82% of the
company’s comparable operating profit coming from renewable products. Read more:
neste.com (http://www.neste.com/en)