Share capital increase registered

Oslo, 14 July 2015

Reference is made to the stock exchange notice published by NEL ASA (the "Company", ticker "NEL") on 8 July 2015 regarding the completed subsequent offering of 22,222,222 new shares, each with a par value of NOK 0.20, at a price of NOK 1.35 per share (the "Subsequent Offering").  

The share capital increase pertaining to the 22,222,222 new shares issued in the Subsequent Offering has now been registered with the Norwegian Register of Business Enterprises.

The Company's new registered share capital is NOK 124,120,265.20 corresponding to a total of 620,601,326 shares with a nominal value of NOK 0.20 per share.

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@nel-hydrogen.com

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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