Nel ASA

Investor Presentation • Jun 28, 2019

Nel ASA: Presentation for Kjørbo press conference

Nel ASA: Presentation for Kjørbo press conference

(Oslo, June 28, 2019) Reference is made to the announcement from Nel ASA (Nel,

OSE:NEL) regarding the root cause of the incident at the hydrogen fueling

station at Kjørbo. Nel extends an open invitation to a Norwegian press

conference today, Friday, June 28, 2019, at 11:00 CEST to present the findings

from the investigation. In addition, an international press conference and

investor presentation will be held in English at 15:00 CEST.

Norwegian press conference

Location: Hotel Continental, Stortingsgaten 24/26, Oslo

Time: 11:00 CEST

Language: Norwegian

Audience: Journalists, investors, analysts, and general public

Presenters:

· Øystein Ulleberg, Principal Scientist, Institute for Energy Technology (IFE)

· Sverre Junker, Head of fire departement, Asker og Bærum brannvesen

· Geirmund Vislie, Vice President Consulting, Gexcon

· Jon André Løkke, CEO Nel

The presentation by Nel is enclosed.

The press conference will be live-streamed and available at the following

address: https://webtv.hegnar.no/presentation.php?webcastId=98033846

International press conference and investor presentation

Location: Hotel Continental, Stortingsgaten 24/26, Oslo

Time: 15:00 CEST

Language: English

Audience: Journalists, investors, analysts, and general public

Presenters:

· Geirmund Vislie, Vice President Consulting, Gexcon

· Jon André Løkke, CEO, Nel

The press conference will be live-streamed and available at the following

address: https://webtv.hegnar.no/presentation.php?webcastId=98033850

For technical questions relating to the press conference, please contact Leila

Asdal Danielsen at ledan(at)nelhydrogen.no

Nel has published a dedicated status update and Q&A site to address the incident

at the Kjørbo hydrogen station. The site can be accessed on www.nelhydrogen.com,

and will be updated as new information becomes available.

- ENDS-

For additional information, please contact:

Jon André Løkke, CEO, +47 907 44 949

Bjørn Simonsen, VP IR and Corporate Communication, +47 971 79 821

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. Since its

foundation in 1927, Nel has a proud history of development and continual

improvement of hydrogen plants. Our hydrogen solutions cover the entire value

chain from hydrogen production technologies to manufacturing of hydrogen fueling

stations, providing all fuel cell electric vehicles with the same fast fueling

and long range as conventional vehicles today.