Nel ASA

Share Issue/Capital Change • Jun 11, 2019

Nel ASA: Share capital increase registered

Nel ASA: Share capital increase registered

(Oslo, 11 June 2019) Reference is made to the stock exchange announcement by Nel

ASA (the "Company") on 6 June 2019 regarding the resolution to issue 2,642,524

new shares to employees in order to fulfil the Company's obligations under the

employee incentive plan/matching share program.

The share capital increase pertaining to the issuance of the new shares has now

been registered with the Norwegian Register of Business Enterprises. The

Company's new registered share capital is NOK 243,418,266 divided into

1,217,091,330 shares, each with a par value of NOK 0.20.

ENDS

For additional information, please contact:

Bent Skisaker, CFO, +47 4682 1693

About Nel| www.nelhydrogen.com

Nel Hydrogen 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 origins 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.