Nel ASA: Notice of Annual General Meeting 2021

(Oslo, 25 March 2021) Nel ASA (Nel, OSE: NEL) calls for its Annual General Meeting to be held as a digital event on 15 April 2021 at 15:00 (CET).

Please find attached the convening notice, the proposal from the nomination committee in Nel ASA for the annual general meeting, and statement of the board regarding compensation to leading employees. Relevant documents and link for registration are made available on www.nelhydrogen.com.

Due to the extraordinary situation with Covid-19 and in light of prevailing meeting recommendations and restrictions, the general meeting will be held as a digital event. Please log in at https://web.lumiagm.com/?fromUrl=166663665 to participate. You will find a guide below describing in more detail how you as a shareholder can participate in the virtual meeting.

ENDS

For further information, please contact:

Kjell Christian Bjørnsen, CFO, +47 917 02 097

Ida Marie Fjellheim, Investor Relations, +47 905 09 291

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.