NEL ASA: NEL's subsidiary H2 Logic secures repeat-order for H2Station® to Danish Hydrogen Fuel A/S

(Oslo, 21 December 2015) H2 Logic A/S, a leading manufacturer of hydrogen fueling stations and a subsidiary of Oslo Stock Exchange listed NEL ASA, has been awarded a contract for one H2Station® fueling station for Danish Hydrogen Fuel A/S (DHF). It constitutes the fourth repeat-order under an existing collaboration agreement with DHF. The H2Station® is to be delivered during 2016 and located in the city of Esbjerg, Denmark.

In February 2015, Danish Hydrogen Fuel A/S (DHF) was established as a joint venture between the oil company OK, gas company Strandmøllen and H2 Logic. DHF targets to build up to five hydrogen-fueling stations onwards 2016 in Denmark.

The order on the H2Station® for Esbjerg is the fourth between H2 Logic and DHF. Until now two H2Station® have been delivered to DHF during 2015, located in respectively Korsør and Aarhus, and one H2Station® is under delivery, to be located in the city of Kolding.

For additional information, please contact:

Lars Christian Stugaard, acting chief executive officer of NEL, +47 47 63 05 22

About NEL

NEL ASA is the first dedicated hydrogen company on the Oslo Stock Exchange. Since its foundation in 1927, NEL Hydrogen has a proud history of development and continual improvement of hydrogen plants. NEL is global a supplier of hydrogen solutions, covering the entire value chain from hydrogen production technologies to hydrogen refueling stations for fuel cell electric vehicles. H2 Logic A/S is a leading manufacturer of H2Station® hydrogen refueling stations that provides fuel cell electric vehicles with the same fast fueling and long range as conventional vehicles today. www.nel-asa.com

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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