Nel ASA

Press Release: Status update regarding incident at Kjørbo

(Oslo, June 12, 2019) Nel ASA (Nel, OSE:NEL) has published a dedicated status

update and Q&A site to address the incident at the Kjørbo hydrogen station.

Nel received a report of an incident involving a fire at the Kjørbo hydrogen

station at 17:40 CEST on June 10, 2019. The fire was contained just after 20:00

CEST. Immediately upon receiving notification, Nel mobilized its crisis response

team in Norway and Denmark.

Safety is Nel's main priority and the company is working intensively to identify

the root cause of the incident. Expert personnel are currently on the scene and

actively contributing to the ongoing formal investigation. In addition, Nel has

engaged fire and explosion safety consultants from Gexcon, who are on site and

taking an active role to provide an independent incident report.

The status update as well as a Q&A can be accessed on www.nelhydrogen.com, and

will be updated as new information becomes available.

In addition updates on the website, Nel anticipates providing an investor update

on its investigation and further process during next week.

- ENDS-

For additional information, please contact:

Bjørn Simonsen, VP Investor Relations and Corporate Communication,

bjorn.simonsen(at)nelhydrogen.com

About Nel ASA | 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

origins 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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