(Oslo, 5 July 2018) David Bow, VP Sales and Marketing in Nel (the "Company"), has today sold 666,342 shares in the Company at NOK 3.176 per share.

The shares sold are from exercised share options granted as part of the acquisition price of Proton Energy Systems, Inc. one year ago (30 June 2017).

Following this transaction, David Bow holds 0 shares and 1,066,341 options in the Company.

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