Neste Oil expects to complete repairs on the damaged hydrogen unit at Porvoo by the end of October; guidance for 2014 revised

Neste Oil Corporation
Stock Exchange Release
29 August 2014 at 9 a.m. (EET)

Neste Oil expects to complete repairs on the damaged hydrogen unit at Porvoo by
the end of October; guidance for 2014 revised

Neste Oil expects that repair work on the damaged hydrogen production unit at
its Porvoo refinery will take until the end of October to be completed. The
damage to the unit, one of two at the site, has resulted in reduced output and
required the shutdown of Production Line 4, which produces diesel. The incident
is projected to have an impact totaling approximately EUR 60 million on the
company's comparable operating profit for 2014, comprising approx. EUR 50
million in lost output and approx. EUR 10 million in repair costs.

The Oil Products reference refining margin has been higher than expected so far
during the third quarter, and market prospects for the next few months in
particular have improved. This is expected to compensate the impact that the
damaged hydrogen unit will have on the company's result by some EUR 30 million.

Neste Oil now expects its comparable operating profit for 2014 to come in at
under EUR 400 million. The company previously forecast a comparable operating
profit for 2014 of EUR 450 million +/- 10% and stated in early August that the
figure was likely to be closer to the lower end of the guidance range.

Neste Oil reported the damage to the hydrogen unit on 18 August 2014.

Neste Oil Corporation

Osmo Kammonen
Senior Vice President, Communications and Marketing

Further information:

Matti Lehmus, Executive Vice President, Oil Products, tel. + 358 (0) 10 458 4072


Neste Oil in brief

Neste Oil Corporation is a refining and marketing company concentrating on low-
emission, high-quality traffic fuels. The company produces a comprehensive range
of major petroleum products and is the world's leading supplier of renewable
diesel. Neste Oil had net sales of EUR 17.5 billion in 2013 and employs around
5,000 people, and is listed on NASDAQ OMX Helsinki.

Neste Oil is included in the Dow Jones Sustainability World Index, and has
featured in The Global 100 list of the world's most sustainable corporations for
many years. Forest Footprint Disclosure (FFD) has ranked Neste Oil as one of the
best performers in the oil & gas sector. Further information: www.nesteoil.com/

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