Nel ASA

Board/Management Information • Jun 19, 2015

NEL - PROPOSAL FOR NEW BOARD MEMBERS OF NEL ASA

NEL - PROPOSAL FOR NEW BOARD MEMBERS OF NEL ASA

Reference is made to the notice of extraordinary general meeting of NEL ASA (the

"EGM") to be held on 23 June 2015, as announced on 2 June 2015. As set out in

the notice, specific proposals for the composition of the board of directors

would be presented by the nomination committee before the AGM.

The nomination committee has recommended that the existing board shall be

supplemented by two new board members, Kristin Hellebust and Mikael Sloth. The

recommendation by the nomination committee is attached to this announcement.

For further information, please contact:

Lars Christian Stugaard

Acting CEO

+47 23 01 49 06