Nel ASA — Share Issue/Capital Change 2015

Jul 14, 2015

Share capital increase registered

Share capital increase registered

Oslo, 14 July 2015

Reference is made to the stock exchange notice published by NEL ASA (the

"Company", ticker "NEL") on 8 July 2015 regarding the completed subsequent

offering of 22,222,222 new shares, each with a par value of NOK 0.20, at a price

of NOK 1.35 per share (the "Subsequent Offering").

The share capital increase pertaining to the 22,222,222 new shares issued in the

Subsequent Offering has now been registered with the Norwegian Register of

Business Enterprises.

The Company's new registered share capital is NOK 124,120,265.20 corresponding

to a total of 620,601,326 shares with a nominal value of NOK 0.20 per share.

This information is subject of the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.

For further information, please contact:

Lars Christian Stugaard

Acting CEO

+47 23 01 49 06 / +47 47 63 05 22

lars.christian.stugaard@nel-hydrogen.com