Neste Oyj : Board of Directors decided on a new plan period within the share-based long-term incentive scheme for key employees

Neste's Board of Directors decided on a new plan period within the share-based long-term incentive scheme for key employees

Neste Corporation Stock Exchange Release 6 February 2020 at 5.15 p.m. (EET)

The Board of Directors of Neste Corporation has approved the commencement of a
new plan period within the share-based long-term incentive scheme for Neste's
key employees. The scheme comprises a Performance Share Plan (also 'PSP')
targeted to Neste's management and selected key employees and a Restricted Share
Plan (also 'RSP') which serves as a complementary structure for specific
situations.

Neste originally announced the establishment of the long-term incentive scheme
on 11 December 2018.

PSP 2020‒2022
The next individual plan within the PSP structure, PSP 2020‒2022, commences as
of the beginning of 2020 and the potential share rewards thereunder will be paid
in shares of Neste in the spring 2023 provided that the performance targets set
by the Board of Directors are achieved. The performance measure based on which
the potential share reward under PSP 2020‒2022 will be paid is the relative
total shareholder return of the Company's share.

Eligible to participate in PSP 2020‒2022 are approximately 130 individuals,
including the members of Neste's Executive Committee. If the performance targets
set for PSP 2020‒2022 are fully achieved, the aggregate maximum number of shares
to be paid based on this plan is approximately 317,680 shares. This number of
shares represents a gross earning, from which the applicable payroll tax is
withheld and the remaining net value is paid to the participants in shares.

The estimated aggregate gross value of PSP 2020‒2022, based on the current value
of Neste's share, is approximately EUR 11 million.

RSP 2020‒2022
The next individual plan within the RSP structure, RSP 2020‒2022, commences as
of the beginning of 2020 and the potential share rewards thereunder will be paid
in shares of Neste in the spring 2023. The purpose of the Restricted Share Plan
is to serve as a complementary long-term retention tool for individually
selected key employees of Neste in specific situations.

The aggregate maximum number of shares to be paid based on RSP 2020‒2022 is
32,000 shares. This number of shares represents a gross earning, from which the
applicable payroll tax is withheld and the remaining net value is paid to the
participants in shares.

The estimated aggregate gross value of RSP 2020‒2022, based on the current value
of Neste's share, is approximately EUR 1 million.

Other terms
Neste applies a share ownership policy to the members of Neste's Executive
Committee. According to this policy each member of Neste's Executive Committee
is expected to retain in his/her ownership at least half of the shares received
under the share-based incentive programs of the company until the value of
his/her share ownership in Neste corresponds to at least his/her annual gross
base salary.

Neste Corporation
Board of Directors
For more information: Hannele Jakosuo-Jansson, Senior Vice President, Human
Resources, HSSEQ and Procurement. Please contact Neste's media service, tel.
[phone] / [e-mail] (open on weekdays from 8.30 a.m. to 4.00 p.m.
EET)

Neste in brief

Neste (NESTE, Nasdaq Helsinki) creates sustainable solutions for transport,
business, and consumer needs. Our wide range of renewable products enable our
customers to reduce climate emissions. We are the world's largest producer of
renewable diesel refined from waste and residues, introducing renewable
solutions also to the aviation and plastics industries. We are also a
technologically advanced refiner of high-quality oil products. We want to be a
reliable partner with widely valued expertise, research, and sustainable
operations. In 2018, Neste's revenue stood at EUR 14.9 billion. In 2020, Neste
placed 3rd on the Global 100 list of the most sustainable companies in the
world. Read more: neste.com (https://www.neste.com/en)