Expert Corporate Governance Service (ECGS)
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Proxy Report - 05/04/2018

In general, Neste is in compliance with the Finnish regulations relating the organisation and procedures of the Annual General Meeting.

 Under ITEM 13, the board of directors seeks approval of the remuneration of the auditor. Since non-audit fees paid are greater than 50% of the audit fee on a three-year aggregate basis, ECGS recommends to vote OPPPOSE.

 Under ITEM 14, the board of directors seeks approval of the (re-)election of the auditor. In light of the substantial amount of non-audit fees, ECGS does not approve of the reelection of the auditor either and accordingly recommends to vote OPPOSE. There are no further peculiarities.

Neste Oyj

Neste Oyjis a refining and marketing company focused on advanced, cleaner traffic fuels. Co.'s refineries and other production facilities, together with its network of service stations and other retail outlets in Finland and the Baltic Rim area, supply both domestic and export markets with gasoline, diesel fuel, aviation fuel, marine fuel, heating oil, heavy fuel oil, base oil, lubricant, traffic fuel component, solvent, liquefied petroleum gas, bitumen and NExBTL renewable diesel based on Co.'s proprietary technology. Co.'s supply and distribution chain includes a tanker fleet for carrying crude oil and other feedstock imports and refined product exports.


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