NEL ASA: Acquisition of RotoLyzer® successfully completed

(Oslo, 30 September 2015) Reference is made to NEL ASAs binding agreement to acquire RotoBoost H2 AS, which holds all assets related to the RotoLyzer®, announced 13 August 2015. The transaction is now successfully completed.

About The RotoLyzer®

The RotoLyzer® is a pressurized, compact electrolyser, which utilizes a vertical, rotating cell pack, providing full operational flexibility while allowing for low production costs. This opens up new market segments for NEL, and provides an ideal solution for hydrogen refuelling stations where space is limited, or integration with renewable energy sources. The technology is patented and has been verified through extensive testing.

For additional information, please contact:

Lars Christian Stugaard, acting chief executive officer, +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 aims to deliver a complete solution, from hydrogen production to the refuelling of vehicles through the partly owned company Hyme AS and the subsidiary H2 Logic A/S. H2 Logic A/S is a leading manufacturer of H2Station® hydrogen refuelling stations that provides fuel cell electric vehicles with the same fast fueling and long range as conventional vehicles today. www.nel-hydrogen.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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