Nel ASA

Share Issue/Capital Change • Jun 6, 2018

Nel ASA: Issue of shares registered

Nel ASA: Issue of shares registered

(Oslo, 6 June 2018) Reference is made to the stock exchange announcement from

Nel ASA published 1 June, regarding the issue of shares in relation to the

Company's employee incentive plan. The issue of the shares mentioned in said

announcement has now been registered in the Norwegian Register of Business

Enterprises. Following the issuance of the new shares, the share capital of Nel

ASA is NOK 200,682,612.60 consisting of 1,003,413,063 shares with a nominal

value of NOK 0.20 each.

ENDS

For additional information, please contact:

Bent Skisaker, CFO, +47 4682 1693

About Nel| 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 fuel cell electric vehicles with the same fast fueling and

long range as conventional vehicles.