Nel ASA: Notice of Annual General Meeting 2022

(Oslo, 24 March 2022) Nel ASA (Nel, OSE: NEL) calls for its Annual General Meeting to be held as a digital event on 21 April 2022 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 a remuneration report. Relevant documents and link for registration are made available on www.nelhydrogen.com.

The general meeting will be held as a digital event. Please log in at https://web.lumiagm.com/#/193695252 to participate. You will find a guide in the attachment below describing in more detail how you as a shareholder can participate in the virtual meeting.

ENDS

For additional information, please contact:

Kjell Christian Bjørnsen, CFO, +47 917 02 097

Wilhelm Flinder, Head of Investor Relations, +47 936 11 350

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.

This information is subject to a duty of disclosure pursuant to Section 5-12 of the Norwegian Securities Trading Act.

This information was issued as inside information pursuant to the EU Market Abuse Regulation, and was published by Wilhelm Finder, Head of Investor Relations, at NEL ASA on the date and time provided.