NEL ASA: NEL's subsidiary H2 Logic secures repeat-order for H2Station® to Danish Hydrogen Fuel A/S

(Oslo, 21 December 2015) H2 Logic A/S, a leading manufacturer of hydrogen fueling stations and a subsidiary of Oslo Stock Exchange listed NEL ASA, has been awarded a contract for one H2Station® fueling station for Danish Hydrogen Fuel A/S (DHF). It constitutes the fourth repeat-order under an existing collaboration agreement with DHF. The H2Station® is to be delivered during 2016 and located in the city of Esbjerg, Denmark.

In February 2015, Danish Hydrogen Fuel A/S (DHF) was established as a joint venture between the oil company OK, gas company Strandmøllen and H2 Logic. DHF targets to build up to five hydrogen-fueling stations onwards 2016 in Denmark.

The order on the H2Station® for Esbjerg is the fourth between H2 Logic and DHF. Until now two H2Station® have been delivered to DHF during 2015, located in respectively Korsør and Aarhus, and one H2Station® is under delivery, to be located in the city of Kolding.

For additional information, please contact:

Lars Christian Stugaard, acting chief executive officer of NEL, +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 is global a supplier of hydrogen solutions, covering the entire value chain from hydrogen production technologies to hydrogen refueling stations for fuel cell electric vehicles. H2 Logic A/S is a leading manufacturer of H2Station® hydrogen refueling stations that provides fuel cell electric vehicles with the same fast fueling and long range as conventional vehicles today. www.nel-asa.com