Nel ASA

Regulatory Filings • Sep 9, 2016

NEL ASA: Awared electrolyser contract by Marsa in Turkey

NEL ASA: Awared electrolyser contract by Marsa in Turkey

(Oslo, 9 September 2016) New NEL Hydrogen AS, a NEL ASA subsidiary, has been

awarded a contract by Marsa, a world-leading producer of margarine and liquid

oils, for the delivery of a hydrogen electrolyser plant with supplementary

equipment. The agreement has a total value of around EUR 1 million.

"Industrial customers are the most demanding, as they require the highest

efficiency combined with outstanding reliability, robustness and low operating

costs. It is encouraging to see that demanding industrial customers like Marsa

continue to order our equipment. This confirms that NEL elctrolysers remain the

preferred solution", says Lars Markus Solheim, SVP Nel Hydrogen Electrolyser.

The project represents an extention of the existing hydrogen production capacity

operated by Marsa and the Ülker Group.

For additional information, please contact:

Jon André Løkke, CEO, +47 90 74 49 49

Bjørn Simonsen, market development and public relations, + 47 97 17 98 21

About NEL

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. www.nel-hydrogen.com