Share capital increase registered

Reference is made to the stock exchange announcement by NEL ASA (the "Company") on 25 June 2015 regarding the successful completion of the acquisition of all outstanding shares of H2 Logic A/S (the “Transaction”).

The share capital increase pertaining to the 148,148,148 consideration shares in connection with the Transaction has now been registered with the Norwegian Register of Business Enterprises.

The Company's new registered share capital is NOK 119,675,820.8, corresponding to a total of 598,379,104 shares with a nominal value of NOK 0.20 per share.

The new shares resulting from the Transaction will be issued and listed immediately on Oslo Børs.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

For further information, please contact:

Lars Christian Stugaard

Acting CEO

+47 23 01 49 06 / +47 47 63 05 22

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.