Nel ASA: Employee share option program

(March 1, 2023 - Oslo, Norway) Reference made to the release regarding employee share option program dated March 1, 2023. Attached are the related KRT-1500 forms. ENDS For additional information, please contact: Kjell Christian Bjørnsen, CFO, +47 917 02?09 Wilhelm Flinder, Head of Investor Relations, +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 technology company with a global presence. The company specializes in electrolyser technology for production of renewable hydrogen, and hydrogen fueling equipment for road-going vehicles. 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 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.