Nel ASA

Regulatory Filings • Feb 6, 2018

Awarded contract for hydrogen fueling station by SSAB EMEA AB in Sweden

Awarded contract for hydrogen fueling station by SSAB EMEA AB in Sweden

(Oslo, 6th of February 2018) Nel Hydrogen Solutions, a division of Nel ASA (Nel,

OSE:NEL), has signed a contract for a H2Station® fueling solution for SSAB EMEA

AB in Sweden. The H2Station® will be used for fueling very large forklifts.

"We are very pleased to sign this agreement with SSAB EMEA in Oxelösund, an

important strategic customer within the global steel industry. We see this as

the first step in implementing hydrogen into the steel industry, starting with

plant internal transportation" Says Jacob Krogsgaard SVP Nel Hydrogen Solutions.

The H2Station® will be installed at SSABs site in Oxelösund, Sweden, where it

will serve large forklift at the local SSAB production facility. The H2Station®

will be delivered already during first quarter of 2018. The sale will be

structures in a leasing arrangement and the parties have agreed not to disclose

the detailed contract value and other terms.

ENDS

For additional information, please contact:

Jon André Løkke, CEO, +47 907 44 949

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

About Nel Hydrogen | 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.

About SSAB | www.ssab.com

SSAB is a highly-specialized global steel company (formally called Svenskt Stål

AB). The company is a leading producer on the global market for Advanced High

-Strength Steels (AHSS) and Quenched & Tempered Steels (Q&T), strip, plate and

tubular products, as well as construction solutions. SSAB's steels and services

help to make end products lighter and increase their strength and lifespan.

SSAB's production plants in Sweden, Finland and the US have an annual steel

production capacity of 8.8 million tonnes. The company also has capacity to

process and finish various steel products in China, Brazil and many other

countries.