(March 11, 2025 - Oslo, Norway) Reference made to the stock exchange filing by Nel ASA (Nel, OSE:NEL) earlier today, regarding the investment agreement with SAMSUNG E&A. Pursuant to the authorisation granted by the Company's general meeting held on 23 April 2024, the Board has made the resolution to increase the share capital from NOK 334,265,060.80 to NOK 367,691,566.80 through the issue of 167,132,530 new shares, each at par value NOK 0.20, fully subscribed by SAMSUNG E&A. The subscription price for the new shares shall be NOK 2.1125 per share.