Neste Oil Corp. announced that the following persons have been appointed to its nomination committee: Director General Pekka Timonen from the Ownership Steering Department at the Prime Minister's Office; Timo Ritakallio, Deputy CEO, Ilmarinen Mutual Pension Insurance Company; and Risto Murto, Chief Investment Officer, Varma Mutual Pension Insurance Company. The Chairman of its Board of Directors Timo Peltola and Vice Chairman Mikael von Frenckell serve as the Committee's expert members. The Nomination Committee is to prepare by February 1, 2010 a proposal concerning the composition and remuneration of the Board of Directors to be elected in the Annual General Meeting.

Neste Oil Corp. and St1 have begun working together on a fuel project as part of the TransEco development program coordinated by VTT Technical Research Centre of Finland. The project will focus on developing cost-efficient solutions tailored to Finnish conditions that will enable the 20% biocomponent target set for car fuel in 2020 as part of national climate goals to be achieved. The majority of the funding for the fuel project will come from the Ministry of Employment and the Economy, with the remainder accounted for by VTT, Neste Oil, and St1. Finland has been a pioneer in making use of bioenergy and developing low-emission traffic fuels, and the Ministry of Employment and the Economy is now giving further support to the development of new biofuels through the recently launched TransEco program. The joint project between VTT, Neste Oil, and St1 will concentrate on car fuels, as a number of other projects are already working on biofuel research related to trucks and other heavy vehicles. St1 will concentrate on optimizing high-blend bioethanol designed to replace fossil gasoline for Finnish conditions and minimizing the environmental impact of its use; while Neste Oil will focus on developing other biocomponents suitable for blending with conventional gasoline. The participation of both companies is expected to generate significant added value, as sharing findings has been highlighted as a key priority for all those involved.

Neste Oil Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the period, the company reported operating profit before depreciation and impairments of EUR 58 million, operating profit of EUR 113 million, profit before income tax of EUR 102 million, earnings per share of EUR 0.29 per share on revenue of EUR 2,500 million compared to operating profit before depreciation and impairments of EUR 56 million, operating profit of EUR 44 million, profit before income tax of EUR 36 million, earnings per share of EUR 0.13 per share on revenue of EUR 4,521 million for the same period a year ago. Net cash from operating activities was EUR 162 million compared to net cash used in operating activities of EUR 175 million for the same period in 2008. Capital expenditure was EUR 216 million compared to EUR 131 million for the same period in 2008. For the nine months ended September 2009, the company reported operating profit before depreciation and impairments of EUR 169 million, operating profit of EUR 538 million, profit before income tax of EUR 511 million, earnings per share of EUR 0.87 per share on revenue of EUR 7,145 million compared to operating profit before depreciation and impairments of EUR 168 million, operating profit of EUR 538 million, profit before income tax of EUR 511 million, earnings per share of EUR 1.51 per share on revenue of EUR 12,238 million for the same period a year ago. Net cash from operating activities was EUR 402 million compared to net cash used in operating activities of EUR 26 million for the same period in 2008. Capital expenditure was EUR 600 million compared to EUR 323 million for the same period in 2008. Return on equity was 13.6% compared to 21.1% for the same period a year ago.