Nel ASA - Director's Dealing 2026

Nel ASA: Mandatory notification of trade by primary insider

(April 24, 2026 - Oslo, Norway) Arvid Moss, Chairman of the Board of Nel ASA

("Nel"), has today bought 100,000 shares in Nel ASA at an average share price of

NOK 2.2547. After the transaction, Mr. Moss holds a total of 100,000 shares and

0 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

For additional information, please contact:

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

Wilhelm Flinder, Head of IR, Communications and 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

technology company with a global presence. The company specializes in PEM and

Alkaline electrolyser 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 as inside

information pursuant to the EU Market Abuse Regulation, and was published by

Wilhelm Flinder, Head of Investor Relations, Communications and Marketing, at

Nel ASA on the date and time provided.

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