Nel ASA: Annual General Meeting held in Nel ASA

(Oslo, 21 April 2023) The Annual general meeting of Nel ASA was held today. All proposals, except 9 and 11.1, set out in the notice to the general meeting were approved. As a result of the remuneration report not receiving sufficient support at the general meeting the company will take into consideration feedback from shareholders for the next report. Based on feedback from shareholders, changes done to the structure of the incentive programs are well received, but increased visibility on management KPI’s needs to be disclosed to document alignment between management incentives and shareholder interests. Please find minutes from the annual general meeting attached.