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Press release

NEL ASA: Invitation to investor presentation following acquisition of H2 Logic

Oslo, 1 June 2015

NEL ASA ("NEL") will host a company presentation Wednesday 3 June 2015 following the announced agreement to acquire H2 Logic A/S ("H2 Logic").

With reference to the stock exchange notice from 31 May 2015 regarding the acquisition, the company invites investors, analysts and journalists to a company presentation:

Date: Wednesday 3 June 2015

Time: 11:00 CET

Location: Hotel Continental, Stortingsgaten 24/26, Oslo

- Øystein Stray Spetalen, Member of the Board of Directors NEL
- Jacob Krogsgaard, Managing Director H2 Logic
- Bjørn Simonsen, Director, market development and public relations NEL Hydrogen

The full press release for the acquisition:

For further information, please contact:

Lars Christian Stugaard

Acting CEO

+47 23 01 49 06

Press enquires:

Geir Bjørlo

Corporate Communications

+47 915 40000

About NEL

NEL ASA is a leading global supplier of hydrogen technology for industrial / energy purposes, and has made over 500 deliveries in more than 50 countries. The company's main products are hydrogen production plants based on water electrolysis, complete hydrogen stations for transport and renewable energy storage solutions. The company has its roots from the hydrogen activities of Norsk Hydro, which dates back to 1927. The company also has a number of patents related to tests for early detection and diagnosis of diseases.

About H2 Logic

H2 Logic A/S is a leading manufacturer of H2Station® hydrogen refueling stations that provides fuel cell electric vehicles with the same fast fueling and long range as conventional vehicles today. Since incorporation in 2003 H2 Logic has invested significantly in R&D that has brought H2Station to a level where products are offered for the early market for roll-out of larger networks of hydrogen refueling stations.

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