Norsk Hydro ASA

Norsk Hydro: Successful placement of inaugural European Green Bond

Norsk Hydro ASA has successfully issued EUR 500 million of senior unsecured

European Green Bonds (EuGB) under its Euro Medium Term Note (EMTN) Programme.

The new bond has a tenor of 8 years and a fixed annual coupon of 3.75 percent

(3.779 percent reoffer yield).

"We are delighted to have completed such a successful placement and issued our

inaugural EuGB. The strong interest confirms that Hydro is considered an

attractive investment for bond investors supporting our strategy of pioneering

the green aluminium transition, powered by renewable energy. We are pleased to

have achieved highly competitive terms," says Chief Financial Officer, Trond

Olaf Christophersen.

An amount equivalent to the proceeds from the bond issue will be allocated to

eligible activities as detailed in Hydro's European Green Bond Factsheet. The

transaction also markets Hydro as the first issuer of an EuGB from the Nordic

region, highlighting the company's commitment to the development of the

sustainable finance markets.

The bonds will be listed on the Irish Stock Exchange (Euronext Dublin).

BNP Paribas, Citi, Crédit Agricole Corporate and Investment Bank, DNB Carnegie,

Goldman Sachs Bank Europe SE and Nordea are Joint Lead Managers for the

transaction. Citi acted as the Green Structuring Bank.

Investor contact

Elitsa Blessi

+47 91775472

Media contact

Anders Vindegg

+47 93864271

Group Treasury and Tax

Nesrin Taraf

+47 46862952

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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