Nel ASA

Report Publication Announcement • Oct 13, 2022

OSE FILING October 13, 2022 – Oslo, Norway

Nel ASA: Invitation to presentation of Q3 2022 results

(Oslo, 13. October 2022) Nel ASA (Nel, OSE:NEL) will publish its third quarter 2022 report on Thursday 20 October at 07:00 CET, and host a presentation at 08:00 CET.

The presentation will be a virtual event only, followed by a Q&A session.

The live presentation can be accessed on the company's website www.nelhydrogen.com or by following this link. A recording of the presentation will be publicly available following the event.

The third quarter 2022 report and presentation will be made available on www.newsweb.no and www.nelhydrogen.com.

In addition, the company has decided to increase its value threshold for stock exchange notices when receiving firm purchase orders or grants. The current value threshold of about EUR 2 million is increased to about EUR 5 million. This will better align what will be communicated from the company and what is perceived as material for the Nel share.

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.