(Oslo, 8 February 2019) Reference is made to the stock exchange announcement from Nel ASA (the "Company") on 30 January 2019 regarding the issue of 84,906,650 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 239,691,588.40 divided on 1,198,457,942 shares, each with a nominal value of NOK 0.20 per share.

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