Press release

Nel ASA: Share capital increase registered

(Oslo, 23 January 2020) Reference is made to the stock exchange announcement from Nel ASA (the "Company") on 21 January 2020 regarding the issue of 89,000,000 new shares upon completion of a private placement of shares. 

The share capital increase pertaining to the issuance of the new shares under the private placement has now been registered with the Norwegian Register of Business Enterprises.  

The Company's new registered share capital is NOK 262,220,556.60 divided on 1,311,102,783 shares, each with a nominal value of NOK 0.20 per share. 

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