Nel ASA: Issue of shares registered

(Oslo, 2 June 2017) Reference is made to the stock exchange announcement from
Nel ASA published earlier today, regarding the issue of shares in relation to
the Company's employee incentive plan. The issue of the shares mentioned in said
announcement has now been registered in the Norwegian Register of Business
Enterprises. Following the issuance of the new shares, the share capital of Nel
ASA is NOK 150,235,243.80 consisting of 751,176,219 shares with a nominal value
of NOK 0.20 each.

ENDS

For additional information, please contact:

Bent Skisaker, CFO, +47 4682 1693

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.