Nel ASA: Share capital increase registered

(Oslo, August 1, 2017) Reference is made to the stock exchange announcement from Nel ASA (the"Company") on July 12, 2017 regarding the issue of new shares in connection with the Company's incentive scheme.

The share capital increase pertaining to the issuance of the 1 879 277 new

shares under the incentive scheme has now been registered with the Norwegian

Register of Business Enterprises. The Company's new registered share capital is

NOK 180 142 990.40, divided on 900 714 952 shares, each with a nominal value of NOK 0.20 per share.

ENDS

For additional information, please contact:

Bent Skisaker, CFO, +47 4682 1693

About Nel  | 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. Since its foundation in 1927, Nel has a proud history of development and continual improvement of hydrogen plants. Our hydrogen solutions cover the entire value chain from hydrogen production technologies to manufacturing of hydrogen fueling stations, providing all fuel cell electric vehicles with the same fast fueling and long range as conventional vehicles today.

About Us

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 continual improvement of our hydrogen plants. Today, our hydrogen 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.

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