Neste Oyj — Major Shareholding Notification 2020

Oct 12, 2020

Disclosure 387673

Neste Oyj - Major shareholder announcements

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

Neste Corporation, Stock Exchange Release, 12 October 2020 at 6 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 8 October 2020 exceeded 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 8 October 2020 amounted to a total of 39,644,533 shares, corresponding to approximately 5.15% 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 1.05 4.10 5.15 after reaching or exceeding the flagging threshold Position at - - - 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 8,061,857 1.05 Subtotal A 8,061,857 1.05 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 3,274,475 0.43 recall lent securities OTC Call 03/01/2033 Until Cash 1,281,098 0.17 Option 03/01/2033 on Basket OTC Call 21/01/2033 Until Cash 4,404,208 0.57 Option 21/01/2033 on Basket Certificate 03/01/2033 Until Cash 536,537 0.07 03/01/2033 Contract N/A N/A Cash 2,100 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 4,408 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 26,401 0.00 Option OTC Call 27/11/2020 27/11/2020 Cash 4,453 0.00 Option OTC Call 11/12/2020 11/12/2020 Cash 8,595 0.00 Option OTC Call 18/12/2020 18/12/2020 Cash 1,252,110 0.16 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 39,374 0.01 Option OTC Put 18/12/2020 18/12/2020 Cash 1,425,021 0.19 Option Listed Call 03/01/2025 Until Cash 300,000 0.04 Warrant 03/01/2025 Listed Call 03/01/2033 Until Cash 1,776,716 0.23 Warrant 03/01/2033 Listed Call 21/01/2033 Until Cash 4,403,973 0.57 Warrant 21/01/2033 Listed Call 20/11/2020 20/11/2020 Cash 26,401 0.00 Warrant Listed Call 18/12/2020 18/12/2020 Cash 1,252,110 0.16 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 39,374 0.01 Warrant Listed Put 18/12/2020 18/12/2020 Cash 1,425,021 0.19 Warrant Subtotal B 31,582,676 4.10 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 1.05 2.85 3.90 Générale S.A. Société 0.00 1.21 1.21 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)