Press release

Nel ASA: Share capital increase registered

(Oslo, 25 October 2022) Reference is made to the stock exchange announcement by Nel ASA (the "Company") on 21 October regarding the issuance of shares in Nel ASA. The share capital increase pertaining to the issuance of the 34,200 new shares has now been registered with the Norwegian Register of Business Enterprises. The Company's new registered share capital is 312,665,060.80, divided into 1,563,325,304 shares, each with a par value of NOK 0.20.

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