Nel ASA

Remuneration Information • Jun 1, 2018

Nel ASA: Mandatory notification of trade by primary insiders

Nel ASA: Mandatory notification of trade by primary insiders

OSLO, 1 June 2018 - Nel ASA (Nel) today resolved to issue 4,698,111 new shares

to employees to fulfil the company's obligations under Nel's employee incentive

plan.

Today, Jon André Løkke, Chief Executive Officer of Nel, subscribed for 331 576

shares in Nel ASA at an average price of 0.20 NOK per share. After this

transaction, Løkke holds 1,088,735 shares, which represents 0.11% of the share

capital.

Today, Jacob Krogsgaard, Senior Vice President of Nel Hydrogen Solutions at Nel,

subscribed for 117,115 shares in Nel ASA at an average price of NOK 0.20 per

share. After this transaction, Krogsgaard holds 226,332 shares, which represents

0.02% of the share capital. Krogsgaard also controls 25% of H2 Holding ApS,

which owns 86,492,653 shares in Nel ASA.

Today, Mikael Sloth, Director of Business Development at Nel, subscribed for

117,115 shares in Nel ASA at an average price of NOK 0.20 per share. After this

transaction, Sloth holds 226,332 shares, which represents 0.02% of the share

capital. Sloth also controls 25% of H2 Holding ApS, which owns 86,492,653 shares

in Nel ASA.

Today, Marcus Halland, Group Controller in Nel, subscribed for 66,484 shares in

Nel ASA at an average price of 0.20 NOK per share. After this transaction,

Halland holds 128,484 shares which represents 0.01% of the share capital.

Today, Bent Skisaker, Chief Financial Officer in Nel, subscribed for 331 576

shares in Nel ASA at an average price of 0.20 NOK per share. In a related

transaction on the same date, Skisaker sold 321 735 shares at an average price

of NOK 3.124 per share. After these transactions, Skisaker holds 440 000 shares

which represents 0,04% of the share capital.

Today, Bjørn Simonsen, Head of Market Development and PR in Nel, subscribed for

331,576 shares in Nel ASA at an average price of 0.20 NOK per share. In a

related transaction on the same date, Simonsen sold 500,000 shares at an average

price of NOK 3.134 per share. After these transactions, Simonsen holds 1,867,504

shares which represents 0.19% of the share capital.

Today, Anders Søreng, Chief Technical Officer and SVP of Nel Hydrogen

Electrolyser in Nel, subscribed for 331,576 shares in Nel ASA at an average

price of 0.20 NOK per share. In a related transaction on the same date, Skisaker

sold 321,735 shares at an average price of NOK 3.201 per share. After these

transactions, Søreng holds 440 000 shares which represents 0.04% of the share

capital.

Today, Jørn Rosenlund, SVP of Nel Hydrogen Fueling at Nel, subscribed for

357,082 shares in Nel ASA at an average price of 0.20 NOK per share. In a

related transaction on the same date, Rosenlund sold 191,885 shares at an

average price of NOK 3.119 per share. After these transactions, Rosenlund holds

500,000 shares which represents 0.05% of the share capital.

Nel also transferred 1,516,180 treasury shares for no consideration to

employees, to provide matching shares under the existing share option program.

After the transfer, Nel holds 257.270 treasury shares in the company. Following

the issue of new shares, Nel has a share capital of NOK 200,682,612.60.

-ENDS-

For additional information, please contact:

Bent Skisaker, CFO, +47 468 21 693

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.