Norsk Hydro ASA

Norsk Hydro: Market part of Hydro`s 2023-2024 share buyback program finalized

On January 31, 2024, Hydro finalized the open market repurchase of the

2023-2024 buyback program as announced on September 22, 2023.

The total program comprises 32 192 623 shares, of which 21 163 019 shares were

repurchased in the market. The remaining 11 029 604 shares will be purchased

from the Norwegian state through the Ministry of Trade, Industry and Fisheries,

and therefore the Ministry's ownership interest in Norsk Hydro ASA of 34.26%

will remain unchanged.

The 32 192 623 shares will be cancelled following approval by the Annual General

Meeting in May 2024. The shares that have been repurchased in the open market

have had an immediate cash effect, whereas the pro rata shares from the

Norwegian state will be paid simultaneously with the capital reduction in mid-

The weighted average price for the 21 163 019 shares was NOK 62.13.

Please see below information about the last transactions made under the share

buyback program for Norsk Hydro ASA.

Overview of transactions:

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

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

| 31.1.24 | 180 747 | 61.86 | 11 181 281 |

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

|Previous transactions| 20 982 272 | | |

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

| | | | |

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

| Accumulated to date | 21 163 019 | 62.13 | 1 314 799 977 |

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

Prior to the share buyback program Norsk Hydro ASA owned a total of 15 096 878

own shares. Following the above listed transactions, Norsk Hydro ASA owns a

total of 36 259 897 shares, corresponding to 1.78% of Norsk Hydro ASA's share

capital.

Attachment: An overview of all the completed transactions under the program for

the dates specified above is attached to this notification and available on

www.newsweb.no.

This is information that Norsk Hydro ASA is obliged to make public pursuant to

the EU Market Abuse Regulation and subject to the disclosure requirements

pursuant to Section 5-12 of the Norwegian Securities Trading Act.

Investor contact:

Martine Rambøl Hagen

Head of Investor Relations

+47 91708918

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