MT STENA ARCTICA TO SAIL UNDER THE FINNISH FLAG

Espoo, Finland, Feb 5, 2008 - (ABN Newswire) - A crude oil tanker Mt Stena Arctica will sail under the Finnish flag from 5 February 2008. The ship will be the largest vessel flying the Finnish flag. The vessel is jointly owned by Neste Shipping Oy and Stena. The ship, which has previously sailed under the Swedish flag, will now be managed by Neste Shipping. By taking over the operations of the ship, Neste Shipping strengthens its competitiveness. The vessel will have a Finnish crew and its operation area is the Baltic Sea and Northern Europe. The 117,100 dwt ship has the highest Finnish-Swedish Ice Class 1A Super. The length of this double hull vessel is 249.79 m and the width is 44 m. The draught is 15.4 m at full cargo. The ship was built in 2005.

Neste Oil Corporation Corporate Communication For additional information, please contact: Risto Näsi Executive Vice President, Shipping risto.nasi@nesteoil.com tel. +358 50 458 5245

Erkki Kotiranta Vice President, Shipping erkki.kotiranta@nesteoil.com tel. +358 50 458 4749 Neste Oil in brief

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.

Neste Shipping Oy Neste Shipping Oy is Finland's largest shipping company. We carry over 41 million tonnes of crude oil, petroleum products and chemicals per year. Our operations are focused on the Baltic Sea, the North Sea and the North Atlantic. We have about 30 modern, ice-strengthened, double hull vessels in operation. The average age of our fleet is under five years and the total dead weight tonnage is about 1.3 million tonnes. We make over 3,000 port calls each year.

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Neste Oil Oyj

http://www.nesteoil.com

ISIN: FI0009013296

Stock Identifier: XHEL.NES1V

US: PINKSHEETS:NTOIF