NEL - Contemplated private placement
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES Oslo, 9 December 2015 NEL ASA (the “Company”) has retained Arctic Securities and Carnegie (the “Managers”) to advise on and effect an undocumented private placement of new shares directed towards Norwegian and international investors after the close of Oslo Stock Exchange today (the "Private Placement"). The net proceeds from the Private Placement will be used for general corporate purposes, including funding strategic growth initiatives within the