Neste Oil's Board of Directors decided on a new long-term share-based incentive plan

Neste Oil Corporation
Stock Exchange Release
14 December 2012 at 8.00 a.m. (EET)

Neste Oil's Board of Directors decided on a new long-term share-based incentive
plan

Neste Oil's Board of Directors has decided to establish a new long-term share-
based incentive plan for the Group's senior management and nominated key
personnel. The aim of the plan is to align the objectives of the company's
owners and key personnel to increase the company's value and to commit key
personnel to the company through an incentive system based on ownership of Neste
Oil shares. The new long-term share-based incentive plan complies with the
Statement by the Cabinet Committee on Economic Policy on 13 August 2012.

The plan includes three individual share plans, each with a three-year earning
period. The share plans will start in 2013, 2014, and 2015. The earning criteria
for the 2013-2015 earning period of the first plan will be the Group's
comparable free cash flow and the comparable operating profit of Renewable
Fuels.

The potential incentives will be paid partly in the form of company shares and
partly in cash in 2016, 2017, and 2018. The combined amount of incentives paid
under the long-term incentive program that has now been decided on and the
annual short-term incentive program may not exceed 120% of participants' annual
fixed salary in any given year. The proportion to be paid in cash will cover
taxes and tax-related costs arising from the incentives.

Participants shall not be entitled to sell or transfer the shares they receive
as incentives during a restriction period following the end of the earning
period. The length of this period will be three years in respect of the
President & CEO and the other members of the Neste Executive Board (NEB), and
one year in respect of other participants. President & CEO and the other members
of the NEB shall accumulate and, once achieved, maintain a level of share
ownership corresponding to their annual fixed salary for as long as they remain
a member of the NEB.

If the targets set for the 2013-2015 earning period of the first share plan are
met, the estimated aggregate value of shares to be paid will be approximately
EUR 3.5 million or approximately 350,000 Neste Oil Corporation shares based on
share price as of today. Should an excellent level of performance be achieved,
the estimated maximum value of shares is approximately EUR 7 million or
approximately 700,000 shares.

The Board has also decided on the remuneration principles for Neste Oil
personnel in 2013.

Neste Oil Corporation

Osmo Kammonen

Senior Vice President, Communications, Marketing and Public Affairs



Further information:
More detailed information on the new long-term share incentive plan can be found
at www.nesteoil.com (Corporate info - Corporate Governance - Remuneration)

Jorma Eloranta, Chairman of the Board, tel. +358 10 458 4484
Hannele Jakosuo-Jansson, Senior Vice President, Human Resources, tel. +358 (0)10
458 4688

Neste Oil in brief
Neste Oil Corporation is a refining and marketing company concentrating on low-
emission, high-quality traffic fuels, and is the world's leading supplier of
renewable diesel. Neste Oil had net sales of EUR 15.4 billion in 2011 and
employs around 5,000 people. Neste Oil's share is listed on NASDAQ OMX Helsinki.

Neste Oil has been selected for inclusion in the Dow Jones Sustainability World
Index and the Ethibel Excellence Investment Register. Neste Oil has been
included in The Global 100 list of the world's most sustainable corporations for
a number of years in succession; and Forest Footprint Disclosure (FFD) has
ranked Neste Oil as the best performer in the oil & gas sector. Further
information: www.nesteoil.com


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