Nel ASA — Share Issue/Capital Change 2015

Jun 26, 2015

Share capital increase registered

Share capital increase registered

Reference is made to the stock exchange announcement by NEL ASA (the "Company")

on 25 June 2015 regarding the successful completion of the acquisition of all

outstanding shares of H2 Logic A/S (the "Transaction").

The share capital increase pertaining to the 148,148,148 consideration shares in

connection with the Transaction has now been registered with the Norwegian

Register of Business Enterprises.

The Company's new registered share capital is NOK 119,675,820.8, corresponding

to a total of 598,379,104 shares with a nominal value of NOK 0.20 per share.

The new shares resulting from the Transaction will be issued and listed

immediately on Oslo Børs.

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