Shareholders and dividend

Shareholders

Neste Oil had 76,554 shareholders as of the beginning of 2011 and 76,969 as of the end of the year.

Largest shareholders by size of holding as of 31 December 2011

		Shares	Holding, %	Change
1.	Prime Minister’s Office	128,458,247	50.10	0
2.	Ilmarinen Mutual Pension Insurance Company	9,484,590	3.70	2,608,000
3.	Varma Mutual Pension Insurance Company	5,778,970	2.25	1,358,818
4.	The Social Insurance Institution of Finland, KELA	2,648,424	1.03	0
5.	The State Pension Fund	2,190,000	0.85	-1,250,000
6.	The City of Kurikka	1,550,875	0.60	0
7.	Mutual Insurance Company Pension-Fennia	1,003,000	0.39	-82,000
8.	Mandatum Life Insurance Company Limited	807,449	0.31	546,324
9.	Nordea Bank Finland Plc	578,717	0.23	443,919
10.	OP Life Assurance Company Ltd	546,898	0.21	-125,635
11.	Alexander Management Oy	485,000	0.19	0
12.	Svenska Handelsbanken AB (publ), Branch Operation in Finland	479,156	0.19	64,322
13.	Kaleva Mutual Insurance Company	460,000	0.18	-60,000
14.	Veikko Laine Oy	450,000	0.18	0
15.	Sigrid Jusélius Foundation	423,000	0.16	0
16.	OP Pension Fund	357,847	0.14	357,847
17.	The Local Government Pensions Institution	351,226	0.14	0
18.	OP-Delta Fund	325,000	0.13	-1,375,000
19.	Sijoitusrahasto Taaleritehdas Arvo Markka Osake	320,000	0.12	110,000
20.	The Finnish Cultural Foundation	301,183	0.12	1,183

Total of 20 largest shareholders		156,999,582	61.23
Nominee registrations		48,978,480	19.10
Other shareholders		50,425,624	19.67
Total shares		256,403,686	100.00

Breakdown of share ownership as of 31 December 2011

No. of shares owned	No. of shareholders	%	No. of shares	%
1–100	26,021	33.8	1,508,547	0.6
101–500	34,052	44.2	8,678,958	3.4
501–1,000	8,975	11.7	6,964,263	2.7
1,001–5 000	6,884	8.9	14,293,284	5.6
5 001–10,000	594	0.8	4,297,439	1.7
10,001–50,000	348	0.5	7,007,609	2.7
50,001–100,000	39	0.1	2,952,682	1.2
100,001–500,000	42	0.1	9,644,944	3.8
over 500,000	14	0.0	201,055,960	78.4
Total	76,969	100.0	256,403,686	100.0
of which nominee registrations	14		48,978,480	19.1

Dividend

Neste Oil’s dividend policy is to distribute at least one third of its underlying profit for the year in the form of dividends calculated on the basis of the profit for the year based on comparable operating profit. At the Annual General Meeting in 2012, the Board of Directors will propose a dividend of EUR 0.35 per share for 2011, representing 132% of underlying net profits. The dividend for 2010 was EUR 0.35 per share, representing 54% of underlying net profits.