Nel ASA

Regulatory Filings • Jul 10, 2015

H2 Logic A/S and Mitsubishi Kakoki Kaisha, Ltd. to collaborate on hydrogen fueling for Japan

H2 Logic A/S and Mitsubishi Kakoki Kaisha, Ltd. to collaborate on hydrogen fueling for Japan

(Oslo, 10 July 2015) H2 Logic A/S, subsidiary of NEL ASA, has executed a binding

technology transfer agreement with Mitsubishi Kakoki Kaisha, Ltd. (MKK) listed

on the Tokyo stock exchange and a member of the Mitsubishi Group companies.

The agreement includes a technology transfer and adaption of the H2Station® CAR

-100 product for the Japanese market with the aim to achieve the first station

in operation during 2016. H2 Logic A/S will license the CAR-100 technology to

MKK and assist in adapting the design for use in Japan. The collaboration is to

expand MKK's position in becoming a major player in supply and construction of

hydrogen fueling stations in Japan, and will provide H2 Logic A/S access to the

Japanese market.

The full press release from H2 Logic A/S and Mitsubishi Kakoki Kaisha is

enclosed.

For additional information, please contact:

Bjørn Simonsen, market development and public relations director, + 47 97 17 98

21

Lars Christian Stugaard, acting chief executive officer, +47 47 63 05 22

About NEL

NEL ASA is the first dedicated hydrogen company on the Oslo Stock Exchange.

Since its foundation in 1927, NEL Hydrogen has a proud history of development

and continual improvement of hydrogen plants. NEL aims to deliver a complete

solution, from hydrogen production to the refuelling of vehicles through the

partly owned company Hyme AS and the subsidiary H2 Logic A/S.  H2 Logic A/S is a

leading manufacturer of H2Station® hydrogen refueling stations that provides

fuel cell electric vehicles with the same fast fueling and long range as

conventional vehicles today. www.nel-hydrogen.com