Nel ASA: Mandatory notification of trade

(Oslo, 7 March 2017) Maria Wathne Løkke and Philip André Wathne Løkke, both related parties to CEO Jon André Løkke, have today each acquired 42,500 shares in Nel ASA, total of 85,000 shares, at an average price of NOK 2.32 per share.

Following this transaction, Jon André Løkke and related parties hold 427,000 shares and 6 million options in Nel ASA.

ENDS

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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