Nel ASA: Mandatory Notification of Trade

(Oslo, 13 November 2020) Jon André Løkke, CEO of Nel ASA (“Nel”) has today sold 700,634 shares in Nel at an average price of NOK 19.6486 per share. The shares were held both privately and through Ludens AS, a company 100% owned by Mr. Løkke, and the divesture is primarily related to the tax obligations following Nel´s option program.

Following the transaction, Mr. Løkke holds 2,000,000 shares in Nel.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

ENDS

For further information, please contact:

Kjell