Nel ASA

Regulatory Filings • Oct 12, 2016

Nel ASA: Awarded EUR 1.1 million grant for H2Station® technology development

Nel ASA: Awarded EUR 1.1 million grant for H2Station® technology development

(Oslo, 12 October 2016) A subsidiary of Nel ASA (Nel, OSE:NEL) has been awarded

two R&D grants totaling EUR 1.1 million from the Danish EUDP program for the

continued H2Station® hydrogen technology development.

Additional information regarding the Danish R&D grants is presented in the

official news announcement for the projects:

· Project H2Cost-2: www.brintbiler.dk/eudp-stoetter-udvikling-af-billigere

-brintproduktion-og-hurtig-brint-optankning-2/

· Project HyBoost-2: www.brintbiler.dk/nyt-eudp-projekt-skal-integrere-brint

-paa-konventionelle-tankstationer/

ENDS

For additional information, please contact:

Jon André Løkke, CEO, +47 9074 4949

Bjørn Simonsen, VP Market Development and Public Relations, + 47 9717 9821

About Nel ASA | www.nelhydrogen.com

Nel ASA 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.