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Nel ASA: Ex. dividend in kind (1 share in Cavendish Hydrogen ASA per 50 shares in Nel ASA) today

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Issuer: Nel ASA

Ex. date: June 10, 2024

Corporate action: Distribution of shares in Cavendish Hydrogen ASA

ENDS

For additional information, please refer to the stock exchange announcements by Nel ASA on June 6, 2024 or contact:

Kjell Christian Bjørnsen, CFO, +47 917 02 097

Lars Nermoen, Head of Communications, +47 902 40 153

About Nel ASA | www.nelhydrogen.com

Nel has a history tracing back to 1927 and is today a leading pure play hydrogen technology company with a global presence. The company specializes in electrolyser technology for production of renewable hydrogen, and hydrogen fueling equipment for road-going vehicles. Nel's product offerings are key enablers for a green hydrogen economy, making it possible to decarbonize various industries such as transportation, refining, steel, and ammonia.

This information is published in accordance with the requirements of Oslo Rule Book II – Issuer Rules.

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