Financing of DiaGenic

With reference to the interim report for first half of 2009 of 20 August, stating that DiaGenic are working to secure further financing, the company is pleased to announce that the “market makers” Argo Securities and Orion Securities have been appointed as advisers for the equity financing. DiaGenic also announce that the Company has been granted NOK 5 million in loan from Innovation Norway. The loan carries an interest rate of 5.75 % p.a.. Oslo, 21 October 2009 The Board of Directors of DiaGenic ASA

About Us

NEL ASA is a leading global supplier of hydrogen technology for industrial / energy purposes, and has made over 500 deliveries in more than 50 countries. The company's main products are hydrogen production plants based on water electrolysis, complete hydrogen stations for transport and renewable energy storage solutions. The company has its roots from the hydrogen activities of Norsk Hydro, which dates back to 1927. The company also has a number of patents related to tests for early detection and diagnosis of diseases.