Nel ASA — Director's Dealing 2014

Nov 5, 2014

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).