(Oslo, 28 February 2017) Reference is made to announcement by Nel ASA (the "Company" or "NEL") on 27 February 2017 concerning a private placement of new shares and a subsequent offering with non-tradable subscription rights for eligible shareholders.
|Date on which the terms of the subsequent offering was announced:||27 February 2017|
|Last day including right to receive subscription rights:||27 February 2017|
|First day excluding right to receive subscription rights:||28 February 2017|
|Record date:||1 March 2017|
|Maximum number of new shares in the subsequent offering:||10,000,000|
|Subscription price:||NOK 2.72|
|Shall the rights be listed:||NO|