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Nel ASA

Director's Dealing Nov 5, 2014

3670_dirs_2014-11-05_cb0118ce-8007-406e-b7d6-873f326568ef.html

Director's Dealing

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Mandatory notification of trade Nel ASA

Mandatory notification of trade Nel ASA

Reference is made to the notice from Nel ASA 5

November 2014.

Strata Marine & Offshore AS, a company controlled by

Mr. Øystein Stray Spetalen, board member of Nel ASA,

have been allocated 6 166 303 shares at NOK 0.65 per

share in the rights issue.

After the transaction Øystein Stray Spetalen and

associated companies have a holding of 85 420 838

shares in Nel ASA, representing 25.2% (based on 338

929 104 outstanding shares).

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