Proposal by the Board of Directors

Proposal for the distribution of earnings and signing of the Review by the Board of Directors and the Financial Statements

The parent company's distributable equity as at December 31 2011 stood at EUR 1,036 million.

The Board of Directors proposes Neste Oil Corporation to pay a dividend of EUR 0.35 per share for 2011, totaling EUR 90 million, and that any remaining distributable funds be allocated to retained earnings.

Espoo, 2 February 2012

Timo Peltola     Jorma Eloranta     Michiel Boersma     Maija-Liisa Friman

Nina Linander    Laura Raitio     Hannu Ryöppönen     Markku Tapio

Matti Lievonen

President and CEO