Nel ASA: Mandatory notification of trade by primary insiders

(Oslo, 26 August 2022) Anders Søreng, CTO of Nel ASA (“Nel”) has today sold 65,000 shares in Nel at an average share price of NOK 15.5687. After the transaction, Mr. Søreng holds 135,000 shares in Nel. Also, Jon André Løkke, Board Member of Nel, has today sold 450,000 in Nel at an average price of NOK 15.5844 per share. After the transaction, Mr. Løkke holds 550,000 shares in Nel.

This information is subject to the disclosure requirements in articles 19 of the Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the Norwegian Securities Trading Act.

ENDS

About Nel ASA | www.nelhydrogen.com

Nel is a global, dedicated hydrogen company, delivering optimal solutions to produce, store, and distribute hydrogen from renewable energy. We serve industries, energy, and gas companies with leading hydrogen technology. Our roots date back to 1927, and since then, we have had a proud history of development and continuous improvement of hydrogen technologies. Today, our solutions cover the entire value chain: from hydrogen production technologies to hydrogen fueling stations, enabling industries to transition to green hydrogen, and providing fuel cell electric vehicles with the same fast fueling and long range as fossil-fueled vehicles - without the emissions.