Nel ASA - Director's Dealing 2017

Nel ASA: Mandatory notification of trade

(Oslo, 7 March 2017) Maria Wathne Løkke and Philip André Wathne Løkke, both

related parties to CEO Jon André Løkke, have today each acquired 42,500 shares

in Nel ASA, total of 85,000 shares, at an average price of NOK 2.32 per share.

Following this transaction, Jon André Løkke and related parties hold 427,000

shares and 6 million options in Nel ASA.

ENDS

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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