Nel ASA: Annual General Meeting held in Nel ASA

21 Apr 2023 15:56 CEST

(Oslo, 21 April 2023) The Annual general meeting of Nel ASA was held today. All
proposals, except 9 and 11.1, set out in the notice to the general meeting were
approved. As a result of the remuneration report not receiving sufficient
support at the general meeting the company will take into consideration feedback
from shareholders for the next report. Based on feedback from shareholders,
changes done to the structure of the incentive programs are well received, but
increased visibility on management KPI's needs to be disclosed to document
alignment between management incentives and shareholder interests. Please find
minutes from the annual general meeting attached.

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 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
Kjell Christian Bjørnsen, CFO at NEL ASA on the date and time provided.

More information:
Access the news on Oslo Bors NewsWeb site

588240_AGM_Minutes.pdf
588240_Release.pdf