The Finnish Court of Arbitration has issued Arbitration Award on the 
contract dispute between Neste Oil and YIT Industrial and Network 
Services. The Court has found that the contract was not completed 
according to the agreed timetable for reasons attributable to YIT and 
has ruled as a result that YIT must pay Neste Oil the full delay 
penalties specified in the contract between the two companies, a 
total of some EUR 6.5 million. The Court has limited YIT's liability 
for delay, however, to the maximum amount of the delay penalties. 
This limitation was based on the General Terms for Building Contracts 
in Finland. 
 
The Court of Arbitration has also ruled that YIT must pay damages to 
Neste Oil in the sum of EUR 500,000 for failing to inform Neste Oil 
of the delays affecting the contract that YIT was aware of. Under the 
terms of the ruling, YIT will also be required to pay Neste Oil a 
total of some EUR 370,000 in respect of other breaches of contract. 
 
The Court of Arbitration rejected all the claims lodged by YIT 
related to prolongation of the contract period. 
 
The Court has also ruled that Neste Oil must pay a total of 
approximately EUR 5.1 million to YIT in respect of contested 
contractual payments due to YIT. Neste Oil had also thus far withheld 
uncontested contractual payments due to YIT, totaling some EUR 3.6 
million. 
 
The dispute between Neste Oil and YIT relates to disagreements linked 
to the final financial settlement of mechanical installation work on 
diesel production line 4 at Neste Oil's Porvoo refinery, which was 
completed and came on stream in summer 2007. The dispute was put 
before the Court of Arbitration in April 2008. 
 
Neste Oil claimed total damages of EUR 107 million from YIT, of which 
EUR 38.5 million related to contract delays and some EUR 68.5 million 
to subsequent lost production. YIT lodged counter claims against 
Neste Oil totaling some EUR 25 million, primarily based on work 
carried out under the contract and additional costs incurred due to 
prolongation of the project. Both parties contested each other's 
claims. 
 
The Arbitration Award is final. 
 
 
Neste Oil Corporation 
Hanna Maula 
Director, Corporate Communications 
 
 
Further information: General Counsel Matti Hautakangas, tel. +358 
(0)10 458 5350 
 
 
Neste Oil in brief 
 
Neste Oil Corporation is a refining and marketing company 
concentrating on low-emission, high-quality traffic fuels. The 
company is the world's leading supplier of renewable diesel. Neste 
Oil's refineries are located in Porvoo and Naantali in Finland and 
have a combined crude oil refining capacity of approx. 260,000 bbl/d. 
The company had net sales of EUR 15 billion in 2008 and employs 
around 5,300 people. Neste Oil's share is listed on NASDAQ OMX 
Helsinki. 
 
Neste Oil is included in the Dow Jones Sustainability World Index and 
the Ethibel Pioneer Investment Register. The company has also been 
awarded 'Best in Class' recognition for its social accountability by 
Storebrand and is included in Innovest's Global 100 list of the 
world's most sustainable corporations. For further information, see 
www.nesteoil.com. 
 
 
This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement. 
 
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