Nel ASA: Disclosure of large shareholding

(Oslo, July 3, 2017) Reference is made to today´s announcement from Nel relating to the share capital increase in Nel ASA. Due to the dilution effects of said capital increase, a mandatory notification is triggered for H2 Holding ApS. No transaction is made by H2 Holding ApS, and the number of shares held by H2 Holding ApS remains at 127,405,781, equal to approx. 14.2% of the total number of shares in Nel outstanding after the share capital increase.

ENDS

For additional information, please contact:

Bent Skisaker, CFO , +47 4682 1393 

About Nel| www.nelhydrogen.com      

Nel is a global, dedicated hydrogen company, delivering optimal solutions to produce, store and distribute hydrogen from renewable energy. We serve industries, energy and gas companies with leading hydrogen technology. Since its foundation in 1927, Nel has a proud history of development and continual improvement of hydrogen plants. Our hydrogen solutions cover the entire value chain from hydrogen production technologies to manufacturing of hydrogen fueling stations, providing all fuel cell electric vehicles with the same fast fueling and long range as conventional vehicles today.

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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