Nel ASA — Share Issue/Capital Change 2015

Aug 14, 2015

Mandatory notification of trade Nel ASA

Mandatory notification of trade Nel ASA

Reference is made to the notice from Nel ASA 14

August 2015.

Strata Marine & Offshore AS, a company controlled by

Mr. Øystein Stray Spetalen, board member of Nel ASA,

have been allocated 1 000 000 shares at NOK 2.25 per

share in the private placement.

After the transactions Øystein Stray Spetalen and

associated companies have a holding of 74 211 285

shares in Nel ASA, representing 11.4 % (based on 650

601 326 outstanding shares).