Norsk Hydro: Primary insiders purchase shares

OSLO, NORWAY, Mar 30 (MARKET WIRE) --

Primary insiders in Norsk Hydro ASA have subscribed for shares under a
general arrangement offered to the employees of Hydro each year. All
employees in Norway are being offered to purchase shares valued at NOK
10,000 with a 25 percent discount. The offer consists of 411 shares at
NOK 18.23 per share.

The allocation will be in the form of a sale of Hydro's own shares and
the actual allocation is expected to be done in the beginning of May. The
following primary insiders have under the above mentioned scheme each
subscribed for 411 shares:

- President and CEO Svein Richard Brandtzaeg, new holding is 26,528 shares

- Executive Vice President John Ove Ottestad, new holding is 79,118 shares

- Executive Vice President Hilde Merete Aasheim, new holding is 547 shares

- Executive Vice President Jorgen C. Arentz Rostrup, new holding is 7,073
shares

- Executive Vice President Tom Rotjer, new holding is 16,943 shares

- Executive Vice President Arvid Moss, new holding is 61,268 shares

- Executive Vice President Odd Ivar Biller, new holding is 19,283 shares

- Employee representative to the Board of Directors Billy Fredagsvik, new
holding is 1,003 shares

- Employee representative to the Board of Directors Jorn B. Lilleby, new
holding is 938 shares

- Employee representative to the Board of Directors Sten Roar Martinsen,
new holding is 1,813 shares

- Company Secretary Hans Martin Heikvam, new holding is 1,928 shares

Press contact
Contact Erik Brynhildsbakken
Telephone +47 22538301
Cellular +47 41751271
E-mail Erik.Brynhildsbakken@hydro.com

Investor contact
Contact Stefan Solberg
Telephone +47 22539280
Cellular +47 91727528
E-mail Stefan.Solberg@hydro.com

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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 announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.

Copyright Copyright Hugin AS 2009. All rights reserved.

Copyright 2009, Market Wire, All rights reserved.

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