uncategorized · 2/4/2015

Payment of share rewards based on the share based incentive plan as a directed share issue of own shares of the company without consideration

Neste Oil Corporation
Stock Exchange Release
4 February 2015 at 9.30 a.m. (EET)
Payment of share rewards based on the share based incentive plan as a directed share issue of own shares of the company without consideration

On 3 February 2015, the Board of Directors of Neste Oil Corporation has confirmed the maximum number of shares earned based on the earning period 2012-2014 of the share based incentive plan 2010 for the company's key personnel and resolved on the payment of the share rewards earned based on said earning period.

Neste Oil Corporation announced the establishment of this incentive plan with a stock exchange release published on 16 December 2009.
The rewards earned based on the performance period 1 January 2012 - 31 December 2014 of the share based incentive plan 2010 shall be paid partly in shares of the company and partly in cash. The proportion paid in cash will cover taxes and tax related costs arising from the rewards.

There will be a maximum of 250,000 shares in total paid to the participants of the plan as share rewards based on the 2012-2014 earning period. The share rewards are paid by transferring a maximum of 250,000 own shares held by the company without consideration to the participants. The aim is to pay the share rewards by 31 March 2015. The final number of the shares to be transferred will be determined on the basis of the terms and conditions of the incentive plan by 31 March 2015 at the latest. The Board of Directors has resolved on the transfer of the own shares based on the authorization granted by the Annual General Meeting of Shareholders held on 3 April 2014. The shares to be transferred are of the same class as the company's other shares.

There is an especially weighty financial reason for the Company, also taking into account the interests of all the Company's shareholders, to deviate from the shareholders' pre-emptive subscription right in the issue of the Company's own treasury shares without consideration. The shares issued constitute share rewards within the long-term share-based incentive program of the Company's Management and these share rewards are, in accordance with the objectives of the incentive program, intended to align the interests of the Management with the interests of the shareholders and to encourage the Management to work on a long-term basis with the aim to increase the shareholder value.

The company holds 1 million own shares before the above transfer of shares. The maximum aggregate number of shares to be transferred as reward shares is 250,000 shares. After the above transfer the company will hold a minimum of 750,000 own shares.

Neste Oil Corporation
Board of Directors

For more information, please contact: Hannele Jakosuo-Jansson, Senior Vice President, Human Resources and Safety, tel. +358 10 458 4688

Neste Oil in brief

Neste Oil Corporation is a refining and marketing company specializing in high-quality fuels for cleaner traffic. The company produces all of the most important oil products and is the world's leading supplier of diesels made of renewable raw materials. In 2014, the company's net sales stood at EUR 15 billion, and it employs some 5,000 people. Neste Oil shares are listed on the NASDAQ Helsinki.

Neste Oil has been accepted into the Dow Jones Sustainability World Index. The company has also been on the Global 100 list of sustainable companies for several years in succession. CDP Forest has selected Neste Oil as one of the best companies taking care of their forest footprint in the oil and gas industry.