Nel has left the building:

Nel ASA: Announces sale of Hyon shares
(January 24, 2023 - Oslo, Norway,) Nel ASA, (Nel, OSE:NEL) has divested all its
shares in Hyon AS. A total of 9,804,000 shares were sold for a total net
consideration of about NOK 7 million. Nel has reported the holding in Hyon as a
financial current asset.

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. Since its
origins in 1927, Nel has a proud history of development and continual
improvement of hydrogen plants. Our hydrogen solutions cover the entire value
chain from hydrogen production technologies to manufacturing of hydrogen fueling
stations, providing all fuel cell electric vehicles with the same fast fueling
and long range as conventional vehicles today.