Nel ASA

M&A Activity • Apr 12, 2019

Nel ASA: Receives purchase order from Shell for two additional heavy duty H2Station® fueling stations

(Oslo, 12 April 2019) Nel Hydrogen Inc., a subsidiary of Nel ASA (Nel, OSE:NEL), has received a purchase order for the delivery of two additional H2Station® units for fueling of heavy duty fuel cell electric trucks in California from EQUILON Enterprises LLC (d/b/a/ Shell Oil Products US). The purchase order is issued under the previously announced framework agreement between Nel and Shell Global Solutions International B.V.

"We are happy to support Shell with two additional H2Station® fueling stations for heavy‐duty trucks in California. We look forward to assist with expansion of the hydrogen fueling coverage in the Greater Los Angeles area which can help a transition to renewable and zero emission trucking." says Jon André Løkke.

The purchase order has a total value exceeding \$7 million. The stations will be located in the Greater Los Angeles area and expand the fueling coverage for hydrogen powered heavy duty fuel cell electric trucks.

ENDS

For additional information, please contact: Jon André Løkke, CEO, +47 907 44 949

Bjørn Simonsen, VP Market Development & Public Relations, +47 971 79 821

About Nel Hydrogen | www.nelhydrogen.com

Nel Hydrogen is a global, dedicated hydrogen company, delivering optimal solutions to produce, store and distribute hydrogen from renew‐ able 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.