(Oslo, 28 February 2017) Reference is made to announcement by Nel ASA (the
"Company" or "NEL") on 27 February 2017 concerning a private placement of new
shares and a subsequent offering with non-tradable subscription rights for
eligible shareholders.
+-------------------------------+----------------+
|Date on which the terms of the |27 February 2017|
|subsequent offering was | |
|announced: | |
+-------------------------------+----------------+
|Last day including right to |27 February 2017|
|receive subscription rights: | |
+-------------------------------+----------------+
|First day excluding right to |28 February 2017|
|receive subscription | |
|rights: | |
+-------------------------------+----------------+
|Record date: |1 March 2017 |
+-------------------------------+----------------+
|Maximum number of new shares in|10,000,000 |
|the subsequent | |
|offering: | |
+-------------------------------+----------------+
|Subscription price: |NOK 2.72 |
| | |
+-------------------------------+----------------+
|Shall the rights be listed: |NO |
+-------------------------------+----------------+
ENDS
For additional information, please contact:
Jon André Løkke, CEO, +47 9074 4949
About Nel| www.nelhydrogen.com
Nel is a global, dedicated hydrogen company, delivering optimal solutions to
produce, store and distribute hydrogen from renewable energy. We serve
industries, energy and gas companies with leading hydrogen technology. Since its
foundation in 1927, Nel has a proud history of development and continual
improvement of hydrogen plants. Our hydrogen solutions cover the entire value
chain from hydrogen production technologies to manufacturing of hydrogen fueling
stations, providing all fuel cell electric vehicles with the same fast fueling
and long range as conventional vehicles today.