SOURCE: Neste Oil Oyj

March 20, 2008 09:10 ET

Neste Oil fined for an oil leak in 2001

ESPOO, FINLAND--(Marketwire - March 20, 2008) - Finland's Supreme Court has fined Neste Oil Corporation EUR 500,000 for damage caused to the environment as a result of an oil leak in 2001.

The case concerns a spillage of approximately 300 cubic meters of oil at the company's Naantali refinery in December 2001 while the oil was being transferred. The majority of the oil was channeled into a protective basin at the site, but around three cubic meters spilled over the basin walls and soaked through the ground into the sea.

The Turku Court of Appeal and the Turunseutu District Court had previously rejected the prosecution's call for a fine to be awarded against the company.

Neste Oil Corporation
Communications
Osmo Kammonen, Senior Vice President

Further information: Osmo Kammonen, Senior Vice President, tel. +358 50 458 4885


Neste Oil in brief

Neste Oil Corporation is a refining and marketing company focused on premium-quality, clean traffic fuels. The company's strategy is focused on growing its oil refining and 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. Neste Oil's net sales for 2007 totaled 12,103 million euros. The company employs around 4,800 people and is listed on the Nordic Exchange, Helsinki. For further information, see www.nesteoil.com.


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