Norsk Hydro ASA — Director's Dealing 2014

Apr 1, 2014

Norsk Hydro: Primary insiders to purchase shares under programs for Long Term Incentive and shares to employees

Norsk Hydro: Primary insiders to purchase shares under programs for Long Term Incentive and shares to employees

Following approval by Norsk Hydro ASA's Annual General Meeting in 2010, the

Board of Directors established a Long Term Incentive (LTI) in the form of a

remuneration of 30 percent and 25 percent of annual base salary for the

President and CEO and the other members of the Corporate Management Board. The

LTI payment requires that Hydro has had a positive underlying EBIT in the

previous year. The participants will be required to invest the net amount after

tax in Hydro shares and such shares must be held for at least three years.

The following primary insiders will on April 2, 2014, acquire Hydro shares under

the above mentioned program at NOK 29.70 per share.

+-----------------------------+---------------------+--------------------------+

|Name |Shares to be acquired|Holding after LTI purchase|

+-----------------------------+---------------------+--------------------------+

|President and CEO Svein | 30 611| 160 229|

|Richard Brandtzæg | | |

+-----------------------------+---------------------+--------------------------+

|Executive Vice President and | 11 285| 20 739|

|CFO Eivind Kallevik | | |

+-----------------------------+---------------------+--------------------------+

|Executive Vice President | 12 311| 54 698|

|Wenche Agerup | | |

+-----------------------------+---------------------+--------------------------+

|Executive Vice President | 19 922| 70 553|

|Oliver Bell | | |

+-----------------------------+---------------------+--------------------------+

|Executive Vice President | 12 400| 117 349|

|Arvid Moss | | |

+-----------------------------+---------------------+--------------------------+

|Executive Vice President | 13 298| 50 363|

|Hilde Merete Aasheim | | |

+-----------------------------+---------------------+--------------------------+

|Executive Vice President | 14 253| 52 858|

|Johnny Undeli | | |

+-----------------------------+---------------------+--------------------------+

A total of 121 271 shares will be sold by Hydro to the participants in the Long

Term Incentive program.

Hydro holds 30 087 972 own shares after this transaction and the number of

outstanding shares are 2 038 910 304.

In addition, all employees employed by Norsk Hydro in Norway have been offered

to purchase shares valued at NOK 10,000, with a 25 percent discount, under a

general arrangement offered each year. For employees taking part in this

arrangement, the share price is 22.28 per share, for 336 shares, and will be

transferred by the end of April 2014.

The following primary insiders have under the scheme each agreed to purchase

336 shares:

- President and CEO Svein Richard Brandtzæg

- Executive Vice President and CFO Eivind Kallevik

- Executive Vice President Wenche Agerup

- Executive Vice President Arvid Moss

- Executive Vice President Hilde Merete Aasheim

- Executive Vice President Johnny Undeli

- Employee representative to the Board of Directors Billy Fredagsvik

- Employee representative to the Board of Directors Ove Ellefsen

- Employee representative to the Board of Directors Sten Roar Martinsen

- Company Secretary Anne-Lene Midseim

Investor contact

Contact Pål Kildemo

Cellular +47 97096711

E-mail Pål.Kildemo@hydro.com

Press contact

Contact Halvor Molland

Cellular +47 92979797

E-mail Halvor.Molland@hydro.com

Certain statements included within this announcement contain forward-looking

information, including, without limitation, those relating to (a) forecasts,

projections and estimates, (b) statements of management's plans, objectives and

strategies for Hydro, such as planned expansions, investments or other projects,

(c) targeted production volumes and costs, capacities or rates, start up costs,

cost reductions and profit objectives, (d) various expectations about future

developments in Hydro's markets, particularly prices, supply and demand and

competition, (e) results of operations, (f) margins, (g) growth rates, (h) risk

management, as well as (i) statements preceded by "expected", "scheduled",

"targeted", "planned", "proposed", "intended" or similar statements.

Although we believe that the expectations reflected in such forward-looking

statements are reasonable, these forward-looking statements are based on a

number of assumptions and forecasts that, by their nature, involve risk and

uncertainty. Various factors could cause our actual results to differ materially

from those projected in a forward-looking statement or affect the extent to

which a particular projection is realized. Factors that could cause these

differences include, but are not limited to: our continued ability to reposition

and restructure our upstream and downstream aluminium business; changes in

availability and cost of energy and raw materials; global supply and demand for

aluminium and aluminium products; world economic growth, including rates of

inflation and industrial production; changes in the relative value of currencies

and the value of commodity contracts; trends in Hydro's key markets and

competition; and legislative, regulatory and political factors.

No assurance can be given that such expectations will prove to have been

correct. Hydro disclaims any obligation to update or revise any forward looking

statements, whether as a result of new information, future events or otherwise.

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1773150]