Press release

Nel ASA: Issue of shares registered

(Oslo, 2 June 2017) Reference is made to the stock exchange announcement from Nel ASA published earlier today, regarding the issue of shares in relation to the Company's employee incentive plan. The issue of the shares mentioned in said announcement has now been registered in the Norwegian Register of Business Enterprises. Following the issuance of the new shares, the share capital of Nel ASA is NOK 150,235,243.80 consisting of 751,176,219 shares with a nominal value of NOK 0.20 each.

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