Share capital increase registered

Reference is made to the stock exchange announcement by Diagenic ASA (the "Company" or "Diagenic") on 9 October 2014 regarding the minutes from the extraordinary general meeting and hereunder the approval of the acquisition of New NEL Hydrogen Holding AS (the “Acquisition”) and the NOK 35 million share issue (the “Private Placement”).   

The share capital increase pertaining to the 123,076,923 new shares in connection with the Acquisition and the 53,846,154 new shares in connection with the Private Placement completed 10 October 2014 has now been registered with the Norwegian Register of Business Enterprises.

The Company's new registered share capital is NOK 57,016,590, corresponding to a total of 285,082,950 shares with a nominal value of NOK 0.20 per share.

The new shares resulting from the Acquisition and the Private Placement will be issued and listed immediately on Oslo Børs.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

For further information, please contact:

Lars Christian Stugaard

Acting CEO

+47 23 01 49 06 / +47 47 63 05 22

lars.christian.stugaard@diagenic.com