(March 11, 2025 - Oslo, Norway) Reference made to the stock exchange filing by
Nel ASA (Nel, OSE:NEL) earlier today, regarding the investment agreement with
SAMSUNG E&A. Pursuant to the authorisation granted by the Company's general
meeting held on 23 April 2024, the Board has made the resolution to increase the
share capital from NOK 334,265,060.80 to NOK 367,691,566.80 through the issue of
167,132,530 new shares, each at par value NOK 0.20, fully subscribed by SAMSUNG
E&A. The subscription price for the new shares shall be NOK 2.1125 per share.

ENDS


For additional information, please contact:
Kjell Christian Bjørnsen, CFO, +47 917 02?097
Wilhelm Flinder, Head of IR, Communications & Marketing +47 936 11 350

About Nel ASA | www.nelhydrogen.com
Nel has a history tracing back to 1927 and is today a leading pure play hydrogen
electrolyser technology company with a global presence. The company specializes
in Alkaline and PEM technology for production of renewable hydrogen. Nel's
product offerings are key enablers for a green hydrogen economy, making it
possible to decarbonize various industries such as transportation, refining,
steel, and ammonia.

This information is subject to a duty of disclosure pursuant to Section 5-12 of
the Norwegian Securities Trading Act. This information was issued pursuant to
the EU Market Abuse Regulation, and was published by Wilhelm Finder, Head of IR,
Communications and Marketing, at Nel ASA on the date and time provided.