Completed acquisition of NEL Hydrogen – company name and ticker to be changed

Reference is made to the stock exchange announcement by Diagenic ASA (the "Company" or "Diagenic") on 8 October 2014 regarding the agreement to acquire New NEL Hydrogen Holding AS and the resolutions by the extraordinary general meeting on 9 October which approved the transaction and resolved to amend the Company's name. Diagenic is now pleased to announce that the acquisition has been completed and consequently the Company will change its name to NEL ASA with NEL as new ticker. The name change will be effective from the time of registration with the Register of Business Enterprises. Oslo Børs will issue a separate notice regarding the implementation of the name and ticker change in its systems.

For further information, please contact:

Lars Christian Stugaard

Acting CEO

+47 23 01 49 06 / +47 47 63 05 22

lars.christian.stugaard@diagenic.com