Nel ASA: Share capital increase registered

(Oslo, 26 February 2021) Reference is made to the stock exchange announcement by Nel ASA (the "Company") on 24 February 2021 regarding the issue of 49,500,000 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 291,459,497.60 divided on 1,457,297,488 shares, each with a nominal value of NOK 0.20 per share.