(Oslo, 10 August 2022) Nel Hydrogen A/S, a subsidiary of Nel ASA (Nel, OSE: NEL)
has received a purchase order from an undisclosed European client for the
delivery of several H2StationT units for fueling of light- and heavy-duty fuel
cell electric vehicles.

The contract has a total value of approximately EUR 8 million and includes
service & maintenance. The delivery of the H2StationT units is planned in early
2023.

ENDS

For further information, please contact:

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

Wilhelm Finder, Head of Investor Relations, +47 936 11 350

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.

This information is subject to a duty of disclosure pursuant to Section 5-12 of
the Norwegian Securities Trading Act.

This information was issued as inside information pursuant to the EU Market
Abuse Regulation, and was published by Wilhelm Finder, Head of Investor
Relations, at NEL ASA on the date and time provided.