NEL: ACQUISITION OF H2 LOGIC A/S SUCCESSFULLY COMPLETED

Oslo, 25 June 2015,

Reference is made to previous stock exchange releases regarding NEL ASAs acquisition of all outstanding shares of H2 Logic A/S (the "Transaction"), including NEL ASAs announcement dated 31 May 2015. The Transaction is now successfully completed. As a consequence of the closing, the Company has issued 148 148 148 new shares to the selling shareholders of H2 Logic A/S.

Following registration of the new share capital in the Norwegian Register of Business Enterprises, the Company's share capital will be 119,675,820.8, divided into 598,379,104 shares each with a par value of NOK 0.20.

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.

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