Notification under Chapter 9, Section 10 of the Finnish Securities Market Act

Neste Corporation, Stock Exchange Release, 9 May 2025 at 6 p.m. (EET)
Neste Corporation has today received a notification under Chapter 9, Section 10
of the Finnish Securities Market Act (FSMA). According to the notification by
BlackRock, Inc., the aggregate holdings of the entities referred to therein
excluding financial instruments according to SMA 9:6a have on 8 May 2025
decreased to below 5% of the total number of shares and voting rights of Neste
Corporation. The aggregate holdings including financial instruments according to
SMA 9:6a owned by BlackRock, Inc. and the entities referred to above amounts to
5.74% of the total number of shares of Neste Corporation. The share stock of
Neste Corporation consists of 769,211,058 shares, each entitling one vote.
Total positions of entities referred to in the notification:

                % of    % of shares and voting rights  Total % of shares
                shares  through financial instruments  and voting rights
                and     (B)                            (A+B)
                voting
                rights
                (A)
Proportion      4.94    0.80                           5.74
after reaching
or
exceeding the
flagging
threshold
Position at     5.23    0.75                           5.99
previous
notification

Notified details of the resulting situation on the date on which the threshold
was crossed or reached:
A: Shares and voting rights

   Share              Number of            % of shares and voting rights
 class/type          shares and
   (ISIN)           voting rights
Direct (FSMA    Indirect       Direct    Indirect (FSMA 9:6 and 9:7)
    9:5)      (FSMA 9:6 and  (FSMA 9:5)
                  9:7)
FI0009013296                 38,062,324                               4.94
Subtotal A    38,062,324                 4.94

B: Financial Instruments according to FSMA 9:6a

Type of         Expiration  Exercise/   Physical    Number of  % of shares
financial       date        Conversion  or          shares     and voting
instrument                  Period      cash        and        rights
                                        settlement  voting
                                                    rights
American        N/A         N/A         Physical    3,282      0.00
Depositary
Receipt
(US64104Y1064)
Securities      N/A         N/A         Physical    6,155,566  0.80
Lent
                                        Subtotal B  6,158,848  0.80

Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity:

Name            % of shares  % of shares and voting rights   Total of
                and voting   through financial instruments   both, %
                rights
BlackRock, Inc
BlackRock
Finance, Inc.
BlackRock
Holdco 2, Inc.
BlackRock
Financial
Management,
Inc.
BlackRock
International
Holdings, Inc.
BR Jersey
International
Holdings L.P.
BlackRock
(Singapore)
Holdco
Pte. Ltd.
BlackRock HK
Holdco Limited
BlackRock Lux
Finco S.a.r.l.
BlackRock
Japan Holdings
GK
BlackRock                                                    Below 5
Japan Co.,
Ltd.

BlackRock,
Inc.
BlackRock
Finance, Inc.
Trident
Merger, LLC
BlackRock                                                    Below 5
Investment
Management,
LLC

BlackRock,
Inc.
BlackRock
Finance, Inc.
BlackRock
Holdco 2, Inc.
BlackRock
Financial
Management,
Inc.
BlackRock
International
Holdings, Inc.
BR Jersey
International
Holdings L.P.
BlackRock
Holdco 3, LLC
BlackRock
Cayman 1 LP
BlackRock
Cayman West
Bay
Finco Limited
BlackRock
Cayman West
Bay IV
Limited
BlackRock
Group Limited
BlackRock
Finance Europe
Limited
BlackRock                                                    Below 5
Investment
Management
(UK) Limited

BlackRock,
Inc.
BlackRock
Finance, Inc.
BlackRock
Holdco 2, Inc.
BlackRock
Financial
Management,
Inc.
BlackRock
International
Holdings, Inc.
BR Jersey
International
Holdings L.P.
BlackRock
Australia
Holdco
Pty. Ltd.
BlackRock                                                    Below 5
Investment
Management
(Australia)
Limited

BlackRock,
Inc.
BlackRock
Finance, Inc.
BlackRock
Holdco 2, Inc.
BlackRock
Financial
Management,
Inc.
BlackRock
Holdco 4, LLC
BlackRock
Holdco 6, LLC
BlackRock
Delaware
Holdings
Inc.
BlackRock                                                    Below 5
Institutional
Trust
Company,
National
Association

BlackRock,
Inc.
BlackRock
Finance, Inc.
BlackRock
Holdco 2, Inc.
BlackRock
Financial
Management,
Inc.
BlackRock
Holdco 4, LLC
BlackRock
Holdco 6, LLC
BlackRock
Delaware
Holdings
Inc.
BlackRock Fund                                               Below 5
Advisors

BlackRock,
Inc.
BlackRock
Finance, Inc.
BlackRock
Holdco 2, Inc.
BlackRock                                                    Below 5
Financial
Management,
Inc.

BlackRock,
Inc.
BlackRock
Finance, Inc.
BlackRock
Holdco 2, Inc.
BlackRock
Financial
Management,
Inc.
BlackRock
International
Holdings, Inc.
BR Jersey
International
Holdings L.P.
BlackRock
(Singapore)
Holdco
Pte. Ltd.
BlackRock HK
Holdco Limited
BlackRock                                                    Below 5
Asset
Management
North Asia
Limited

BlackRock,
Inc.
BlackRock
Finance, Inc.
BlackRock
Holdco 2, Inc.
BlackRock
Financial
Management,
Inc.
BlackRock
International
Holdings, Inc.
BR Jersey
International
Holdings L.P.
BlackRock
Holdco 3, LLC
BlackRock
Cayman 1 LP
BlackRock
Cayman West
Bay
Finco Limited
BlackRock
Cayman West
Bay IV
Limited
BlackRock
Group Limited
BlackRock
Finance Europe
Limited
BlackRock
(Netherlands)
B.V.
BlackRock                                                    Below 5
Asset
Management
Deutschland AG

BlackRock,
Inc.
BlackRock
Finance, Inc.
BlackRock
Holdco 2, Inc.
BlackRock
Financial
Management,
Inc.
BlackRock
International
Holdings, Inc.
BlackRock
Canada
Holdings ULC
BlackRock                                                    Below 5
Asset
Management
Canada Limited

BlackRock,
Inc.
BlackRock
Finance, Inc.
BlackRock
Holdco 2, Inc.
BlackRock
Financial
Management,
Inc.
BlackRock
Capital
Holdings,
Inc.
BlackRock                                                    Below 5
Advisors, LLC

BlackRock,
Inc.
BlackRock
Finance, Inc.
BlackRock
Holdco 2, Inc.
BlackRock
Financial
Management,
Inc.
BlackRock
International
Holdings, Inc.
BR Jersey
International
Holdings L.P.
BlackRock
Holdco 3, LLC
BlackRock
Cayman 1 LP
BlackRock
Cayman West
Bay
Finco Limited
BlackRock
Cayman West
Bay IV
Limited
BlackRock
Group Limited
BlackRock
Finance Europe
Limited
BlackRock                                                    Below 5
Advisors (UK)
Limited

BlackRock,
Inc.
BlackRock
Finance, Inc.
BlackRock
Holdco 2, Inc.
BlackRock
Financial
Management,
Inc.
BlackRock
International
Holdings, Inc.
BR Jersey
International
Holdings L.P.
BlackRock
(Singapore)
Holdco
Pte. Ltd.
BlackRock                                                    Below 5
(Singapore)
Limited

BlackRock,
Inc.
BlackRock
Finance, Inc.
BlackRock
Holdco 2, Inc.
BlackRock
Financial
Management,
Inc.
BlackRock
International
Holdings, Inc.
BR Jersey
International
Holdings L.P.
BlackRock
Holdco 3, LLC
BlackRock
Cayman 1 LP
BlackRock
Cayman West
Bay
Finco Limited
BlackRock
Cayman West
Bay IV
Limited
BlackRock
Group Limited
BlackRock
Finance Europe
Limited
BlackRock                                                    Below 5
(Netherlands)
B.V.

BlackRock,
Inc.
BlackRock
Finance, Inc.
Trident
Merger, LLC
BlackRock
Investment
Management,
LLC
Amethyst
Intermediate,
LLC
Aperio
Holdings, LLC
Aperio Group,                                                Below 5
LLC

Neste Corporation
Hanna Maula
Senior Vice President, Communications, Marketing, Sustainability and Public
Affairs
Further information: Please contact Neste's media service, tel. +358 800 94025 /
media@neste.com (weekdays from 8.30 a.m. to 4.00 p.m. EET). Please subscribe to
Neste's releases at https://www.neste.com/media/subscribe.

Neste in brief

Neste (NESTE, Nasdaq Helsinki) creates solutions for mitigating climate change
and accelerating a shift to a circular economy. The company is the world's
leading producer of sustainable aviation fuel (SAF) and renewable diesel,
enabling its customers to reduce their greenhouse gas emissions. Neste refines
waste, residues and other renewable raw materials to high-quality renewable
fuels at its refineries located on three continents. The company's annual
renewable fuels production capacity will be increased to 6.8 million tons in
2027.

Neste has high standards for sustainability and the company has consistently
been recognized by several leading sustainability indices. In 2024, Neste's
revenue stood at EUR 20.6 billion. Read more: neste.com (http://www.neste.com)