Press release

Share capital increase registered – NEL ASA

Reference is made to the stock exchange notice published by NEL ASA (the "Company", ticker "NEL") on 2 June 2015 regarding the completed private placement of 51,301,852 new shares, each with a par value of NOK 0.20, at a price of NOK 1.35 per share (the "Private Placement").

The share capital increase pertaining to the 51,301,852 new shares issued in the Private Placement has now been registered with the Norwegian Register of Business Enterprises.

The Company's new registered share capital is NOK 90,046,191.20, consisting of 450,230,956 shares with a par value of NOK 0.20 per share.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

For further information, please contact:

Lars Christian Stugaard

Acting CEO

+47 23 01 49 06 / +47 47 63 05 22

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