Nel ASA - Director's Dealing 2017

Nel ASA: Mandatory notification of trade

(Oslo, July 5, 2017) Hanne Skaarberg Holen, chair of the board of directors in

Nel ASA ("Nel") has on July 5, 2017 purchased 200,000 shares in Nel at NOK 2.25

per share. After the transaction, Hanne Skaarberg Holen has a holding of

200,000 shares in Nel, representing approx. 0.02% of the total number of shares

in Nel (based on 898,835,675 outstanding shares).

ENDS

For additional information, please contact:

Bent Skisaker, CFO , +47 4682 1393

About Nel| www.nelhydrogen.com

Nel is a global, dedicated hydrogen company, delivering optimal solutions to

produce, store and distribute hydrogen from renewable energy. We serve

industries, energy and gas companies with leading hydrogen technology. Since its

foundation in 1927, Nel has a proud history of development and continual

improvement of hydrogen plants. Our hydrogen solutions cover the entire value

chain from hydrogen production technologies to manufacturing of hydrogen fueling

stations, providing all fuel cell electric vehicles with the same fast fueling

and long range as conventional vehicles today.

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