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Regulatory press release

Nel ASA: Notice of Annual General Meeting 2023

NEL
(March 22, 2023 - Oslo, Norway) Nel ASA (Nel, OSE: NEL) calls for its Annual
General Meeting to be held as a digital event on 21 April 2023 at 15:00 (CET).

Please find attached the convening notice, the proposal from the nomination
committee in Nel ASA for the annual general meeting, and a remuneration report.
Relevant documents and link for registration are made available on
www.nelhydrogen.com.

The general meeting will be held as a digital event. Please log in at
https://dnb.lumiagm.com/116095640 to participate. You will find a guide in the
attachment describing more in detail how you as a shareholder can participate in
the virtual meeting.

ENDS

For additional information, please contact:
Kjell Christian Bjørnsen, CFO, +47 917 02?097
Wilhelm Flinder, 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.
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