Nel ASA

Report Publication Announcement • May 4, 2020

Nel ASA: Invitation to presentation of Q1 2020 results

(Oslo, 4 May 2020) Nel ASA (Nel) will announce the first quarter 2020 report on Thursday 7 May at 07:00 CET and will host an open on-line presentation at 08:00 CET.

Due to the extraordinary situation with Covid-19, and considering prevailing meeting recommendations and restrictions, the Q1 2020 results presentation will not be held as a physical meeting. The presentation will be broadcasted live at www.nelhydrogen.com and can also streamed at https://channel.royalcast.com/webcast/hegnarmedia/20200507\_4/. The presenter will be Jon André Løkke, CEO, and the presentation will be held in English.

The presentation will be supplemented by a guest speaker, Jorgo Chatzimarkakis, who is Secretary General of Hydrogen Europe, the European Hydrogen and Fuel Cell Association. Mr. Chatzimarkakis will present a recently launched European initiative which aims to deploy 80 GW of green hydrogen production in and around Europe by 2030.

The first quarter 2020 report and presentation will be made available through www.newsweb.no and www.nelhydrogen.com.

ENDS

For further information, please contact:

Jon André Løkke, CEO, +47 90 74 49 49 Bjørn Simonsen, VP Investor Relations & Corporate Communication, +47 97 17 98 21

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.