Nel ASA: Approved Prospectus and Commencement of the Subsequent Offering
(Oslo, 7 November 2017) Reference is made to the stock exchange release from Nel ASA (“Nel” or the “Company”) published on 27 September 2017 regarding the successful completion of a private placement of 88,000,000 new shares in the Company (the "Private Placement") and the subsequent repair offering of up to 10,000,000 new shares in the Company (the "Subsequent Offering"). The Norwegian Financial Supervisory Authority has approved the prospectus of the Company dated 6 November 2017 (the "Prospectus") related to the Private Placement, and the Subsequent Offering and listing of up to 10,