Nel ASA: Share capital increase registered

(Oslo, 26 October 2021) Reference is made to the stock market announcement on 22
October 2021 regarding the issuance of shares in Nel ASA. The share capital
increase pertaining to the issuance of the 200,800 new shares has now been
registered with the Norwegian Register of Business Enterprises. The Company's
new registered share capital is 292,159,857.60, divided into 1,460,799,288
shares, each with a par value of NOK 0.20.

ENDS

For further information, please contact:

Kjell Christian Bjørnsen, CFO, +47 917 02?097

Ida Marie Fjellheim, Investor Relations, +47 905 09 291

About Nel ASA | 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. Our
roots date back to 1927, and since then, we have had a proud history of
development and continuous improvement of hydrogen technologies. Today, our
solutions cover the entire value chain: from hydrogen production technologies to
hydrogen fueling stations, enabling industries to transition to green hydrogen,
and providing fuel cell electric vehicles with the same fast fueling and long
range as fossil-fueled vehicles - without the emissions.