NEL – PROPOSAL FOR NEW BOARD MEMBERS OF NEL ASA

Reference is made to the notice of extraordinary general meeting of NEL ASA (the "EGM") to be held on 23 June 2015, as announced on 2 June 2015. As set out in the notice, specific proposals for the composition of the board of directors would be presented by the nomination committee before the AGM.

The nomination committee has recommended that the existing board shall be supplemented by two new board members, Kristin Hellebust and Mikael Sloth. The recommendation by the nomination committee is attached to this announcement. 

For further information, please contact: 

Lars Christian Stugaard

Acting CEO

+47 23 01 49 06

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.