Neste Oyj — Major Shareholding Notification 2021

Mar 9, 2021

Notification under Chapter 9, Section 10 of the Finnish Securities Market Act: holdings of BlackRock in Neste Corporation exceeded 5%

Notification under Chapter 9, Section 10 of the Finnish Securities Market Act: holdings of BlackRock in Neste Corporation exceeded 5%

Neste Corporation, Stock Exchange Release, 9 March 2021 at 9.30 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 by
BlackRock, Inc., the aggregate holdings of the entities referred to therein in
Neste Corporation have on 8 March 2021 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
BlackRock in Neste Corporation on 8 March 2021 amounted to a total of 38,480,354
shares, corresponding to approximately 5.00% 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.
Total positions of entities referred to in 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 4.98 0.01 5.00
after reaching
or
exceeding the
flagging
threshold
Position at Below 5 Below 5 Below 5
previous
notification
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 Indirect (FSMA 9:6 and 9:7)
9:5) (FSMA 9:6 and (FSMA 9:5)
9:7)
FI0009013296 38,336,734 4.98
Subtotal A 38,336,734 4.98

B: Financial Instruments according to SMA 9:6a

Type of Expiration Exercise/ Physical Number % of shares
financial date Conversion or of and voting
instrument Period cash shares rights
  settlement and
voting
rights
American N/A N/A Physical 2,551 0.00
Depositary
Receipt
(US64104Y1064)
Securities N/A N/A Physical 88,392 0.01
Lent
CFD N/A N/A Cash 52,677 0.00
Subtotal B 143,620 0.01

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, %
BlackRock Below 5
Japan Co.,
Ltd.
BlackRock Below 5
Investment
Management,
LLC
BlackRock Below 5
Investment
Management
(UK) Limited
BlackRock Below 5
Investment
Management
(Australia)
Limited
BlackRock Below 5
International
Limited
BlackRock Below 5
Institutional
Trust
Company,
National
Association
BlackRock Fund Below 5
Advisors
BlackRock Below 5
Financial
Management,
Inc.
BlackRock Below 5
Asset
Management
North Asia
Limited
BlackRock Below 5
Asset
Management
Deutschland AG
BlackRock Below 5
Asset
Management
Canada Limited
BlackRock Below 5
Advisors, LLC
BlackRock Below 5
Advisors (UK)
Limited
BlackRock Below 5
(Singapore)
Limited
BlackRock Below 5
(Netherlands)
B.V.
Aperio Group, Below 5
LLC

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 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)