Nel ASA

Share Issue/Capital Change • Sep 1, 2020

OSE-FILING

September 1, 2020 – Oslo, Norway

Nel ASA: Share capital increase registered

(Oslo, 1 September 2020) Reference is made to the stock exchange announcement on 28 August 2020 regarding the issuance of shares in Nel ASA. The share capital increase pertaining to the issuance of the 6,048,000 new shares has now been registered with the Norwegian Register of Business Enterprises. The Company's new registered share capital is 281,488,697.60, divided into 1,407,443,488 shares, each with a par value of NOK 0.20.

ENDS

F o r fur ther info rmat io n, p lease co ntact :

Kjell Christian Bjørnsen, CFO, +47 917 02 097

About Nel ASA | www.nelhydrogen.com

Nel isa global, dedicated hydrogencompany, delivering optimal solutions to produce, store, and distributehydrogenfrom renewableenergy. Weserveindustries, energy, and gascompanies withleading hydrogentechnology. Our roots date back to 1927, and sincethen, we havehad a proud history of developmentand continuous improvement ofhydrogentechnologies. Today, our solutionscover theentirevaluechain: from hydrogen productiontechnologies to hydrogenfueling stations, enabling industries to transitionto greenhydrogen, and providing fuel cell electric vehicles withthesamefast fueling and long rang