Press release

Nel ASA: Exercise of employee share options and issue of shares




(Oslo, 12 March 2020) Nel ASA (the Company) today has resolved, in accordance with the authorization granted by the general meeting on 28 March 2019, to issue 482,000 new shares to fulfil the Company's obligations in the groupwide share option program comprising all employees in Nel fulfilling certain criteria, specified in the Company's annual report (note 6), thereby increasing the Company's share capital by NOK 96,400.00. In total 10 employees in the group exercised 482,000 options at the strike price of NOK 3.14.

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