(Oslo, 11 June 2019) Reference is made to the stock exchange announcement by Nel ASA (the "Company") on 6 June 2019 regarding the resolution to issue 2,642,524 new shares to employees in order to fulfil the Company's obligations under the employee incentive plan/matching share program.

The share capital increase pertaining to the issuance of the new shares has now been registered with the Norwegian Register of Business Enterprises. The Company's new registered share capital is NOK 243,418,266 divided into 1,217,091,330 shares, each with a par value of NOK 0.20. 

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