Nel ASA

Share Issue/Capital Change • Mar 25, 2025

Nel ASA: Share capital increase registered

Nel ASA: Share capital increase registered

(March 25, 2025 - Oslo, Norway) Reference made to the stock exchange filing by

Nel ASA (Nel, OSE:NEL) 11 March 2025, regarding the investment agreement with

SAMSUNG E&A. The share capital increase pertaining to the issuance of the new

shares under the private placement has now been registered with the Norwegian

Register of Business Enterprises. The Company's new registered share capital is

NOK 367,691,566.80 divided on 1,838,457,834 shares, each with a nominal value of

NOK 0.20 per share.

ENDS

For additional information, please contact:

Kjell Christian Bjørnsen, CFO, +47 917 02?097

Wilhelm Flinder, Head of IR, Communications & Marketing +47 936 11 350

About Nel ASA | www.nelhydrogen.com

Nel has a history tracing back to 1927 and is today a leading pure play hydrogen

electrolyser technology company with a global presence. The company specializes

in Alkaline and PEM technology for production of renewable hydrogen. Nel's

product offerings are key enablers for a green hydrogen economy, making it

possible to decarbonize various industries such as transportation, refining,

steel, and ammonia.

This information is subject to a duty of disclosure pursuant to Section 5-12 of

the Norwegian Securities Trading Act. This information was issued pursuant to

the EU Market Abuse Regulation, and was published by Wilhelm Finder, Head of

Investor Relations, at NEL ASA on the date and time provided.