NEL to receive grant from Enova SF

(Oslo, 14 January 2016) NEL Fuel Norway AS, a subsidiary of NEL ASA, has been awarded a grant by Enova SF in excess of NOK 7.5 million for the construction and completion of one hydrogen refuelling station as a part of NELs strategy for the rollout of a network of refuelling stations in Norway. Enova SF is the Norwegian government enterprise responsible for promotion of environmentally friendly production and consumption of energy.

The refuelling station will be located in the Oslo area, and is expected to be completed during the course of 2016.

For additional information, please contact:

Jon André Løkke, CEO, + 47 90 74 49 49

Lars Christian Stugaard, CFO, +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 refuelling stations for fuel cell electric vehicles. H2 Logic A/S is a leading manufacturer of H2Station® hydrogen refuelling stations that provides fuel cell electric vehicles with the same fast fuelling and long range as conventional vehicles today. www.nel-asa.com