Norsk Hydro: Sale of shares to employees

Norsk Hydro employees have purchased shares under a general arrangement offered to employees employed by Norsk Hydro in Norway each year.

All employees employed by Norsk Hydro in Norway have been offered to purchase shares valued at NOK 10,000 with a 25 percent discount. 82 percent of the employees entitled to the offer have subscribed, and have each been allocated 336 shares at NOK 22.28 per share. The total number of shares allocated and transferred on April 30, 2014 is 921,984.

Norsk Hydro ASA holds 29,165,988 own shares after this transaction and the number of outstanding shares are 2,039,832,288.

With reference to the stock exchange announcement as of April 1, 2014, the following primary insiders have under the above mentioned scheme each purchased 336 shares:

- President and CEO Svein Richard Brandtzæg, new holding is 160,565

- Executive Vice President and CFO Eivind Kallevik, new holding is 21,075

- Executive Vice President Wenche Agerup, new holding is 55,034

- Executive Vice President Arvid Moss, new holding is 117,685

- Executive Vice President Hilde Merete Aasheim, new holding is 50,699

- Executive Vice President Johnny Undeli, new holding is 53,194

- Employee representative to the Board of Directors Billy Fredagsvik, new holding is 3,162

- Employee representative to the Board of Directors Ove Ellefsen, new holding is 3,547

- Employee representative to the Board of Directors Sten Roar Martinsen, new holding is 4,218

- Company Secretary Anne-Lene Midseim, new holding is 3,403