NESTE OIL NEW SEGMENT REPORTING FIGURES FOR 2007

In October 2007 Neste Oil published a new divisional structure, which is reflected in its financial segment reporting as of 1 January 2008. Neste Oil will report on the performance of all five business divisions i.e. Oil Refining, Biodiesel, Specialty Products, Oil Retail, and Shipping separately from then on. Furthermore, the operations of Research and Technology unit and Neste Jacobs will be reported under Other, which includes Group administration and shared services functions.

 

The new reporting segments are Biodiesel and Specialty Products. The figures for Biodiesel and the businesses now grouped under Specialty Products, together with Research and Technology unit and Neste Jacobs, were reported under Oil Refining until the end of 2007.

 

Unaudited quarterly figures for 2007 according to the new segment reporting structure are presented in the tables below.

 

In the full year financial statements the 2007 figures were reported according to the previous segment structure. The new segment structure will be implemented in the first-quarter report to be published on 24 April 2008.

 

Neste Oil Corporation

 

Osmo Kammonen

Senior Vice President, Corporate Communications

 

Further information: Mr. Petri Pentti, CFO, tel +358 10 458 4490.

 

 

 

Neste Oil Corporation is a refining and marketing company focused on advanced, clean traffic fuels, with a strategy that prioritizes growing its refining and premium-quality biodiesel businesses. Neste Oil's refineries are located at Porvoo and Naantali in Finland, and have a total refining capacity of approx. 260,000 bbl/d. The company employs around 4,800 people and its shares are listed on the Nordic Exchange Helsinki. For further information, see www.nesteoil.com.