Nel ASA — Director's Dealing 2023

Nov 2, 2023

Nel ASA: Mandatory notification of trade by primary insider

Nel ASA: Mandatory notification of trade by primary insider

(November 2, 2023 - Oslo, Norway) Hans Hide, CPO of Nel ASA ("Nel"), has today

bought 10,000 shares in Nel ASA at an average share price of NOK 8.014. After

the transaction, Mr. Hide holds a total of 30,000 shares and 626,000 options in

the company.

This information is subject to the disclosure requirements in articles 19 of the

Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the

Norwegian Securities Trading Act.

ENDS

About Nel ASA | www.nelhydrogen.com

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

technology company with a global presence. The company specializes in

electrolyser technology for production of renewable hydrogen, and hydrogen

fueling equipment for road-going vehicles. 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 as inside

information 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.