Economic downturn leads to first-quarter losses

OSLO, NORWAY, Apr 29 (MARKET WIRE) --
Hydro had an underlying loss before financial items of NOK 493 million in
the first quarter of 2009, down from an underlying EBIT of NOK 868
million in the previous quarter. The results reflect the deepening global
economic downturn, with historically low aluminium prices and a further
fall in already weak downstream markets.

"We have been in the forefront in our industry in taking swift and
decisive action in response to the economic downturn. We do not see any
short or medium-term upturn in the market, and we will continue to take
necessary measures adjusting our operations and costs to the challenging
market situation," Hydro's President and CEO Svein Richard Brandtzaeg
said.

"We will ensure that our competitive position will be strengthened
through the measures we are now taking in all business areas and
throughout staff and support functions," Brandtzaeg added.

Hydro decided during the quarter to temporarily shut down the oldest
production line at its Sunndal smelter facility in Norway, which has an
annual production capacity of 100,000 mt per year. This will bring total
upstream capacity curtailments to about 500,000 mt a year, or close to 30
percent of production in 2008.

Earlier announced curtailments include the Neuss smelter, 50 percent of
the part-owned Soral smelter, 10 percent of production at Slovalco and
the permanent closure of the Soderberg line in Karmoy. Around 60 percent
of the announced curtailments had been completed by the end of the first
quarter, with the remaining due to be closed during the second quarter.

Hydro also announced a temporary shut down of its 35-percent-owned Alpart
alumina refinery in Jamaica, with a total production of 1,650,000 mt
alumina per year, which is expected to be fully closed by mid-May. The
company's program to reduce costs and manning throughout its downstream
operations progressed according to plan and provided a significant
contribution in the first quarter.

"Qatalum was 73 percent complete at the end of the quarter and on
schedule for start-up at the turn of the year. Once operational, Qatalum
will be a solid foundation for Hydro as a competitive metal supplier,"
Brandtzaeg said.

Aluminium Metal delivered an underlying loss of NOK 476 million in a
quarter strongly affected by the sharp fall in global aluminium prices.
Both fixed and variable costs related to the production of primary
aluminium declined as capacity curtailments started to affect operating
costs and key raw material prices fell. Results in Bauxite and Alumina
fell sharply due to lower realized alumina prices, and Commercial
Products continued to be impacted by weak sales volumes and low
production in Hydro's remelters.

Aluminium Products incurred an underlying loss of NOK 257 million in the
first quarter due to a further market deterioration from already
depressed levels, resulting in sales volumes dropping further from the
previous quarter and margins coming under increased pressure. Significant
cost reductions only partly offset the market effects.

Energy had an underlying EBIT of NOK 416 million, down from the record
results of the previous quarter. Spot prices declined from the
exceptionally high level in the fourth quarter of 2008. Power production
declined, but was seasonally high for the quarter.

Net cash used in operating activities was NOK 1.1 billion for the
quarter, compared with net cash provided by operating activities of NOK
2.9 billion in the previous quarter. Hydro had a net cash position
amounting to NOK 1.7 billion at the end of the quarter.

Hydro had stand-by credit facilities of NOK 12.7 billion at the beginning
of the year, and further strengthened its financial position by securing
new financing during the first quarter, including a new EUR 750 million
syndicated three-year revolving credit facility. The company also issued
NOK 1 billion in commercial paper during the quarter with a six month
maturity.

Key financial
information First Fourth % change First % change
quarter quarter prior quarter prior year Year
NOK million, 2009 2008 quarter 2008 quarter 2008
except per share
data

Revenue 16,854 21,368 (21) % 21,529 (22) % 88,643

Earnings before
financial items
and tax (EBIT) (1,598) (3,106) 49 % 1,179 > (100) % 1,194
Items excluded
from underlying
EBIT 1,105 3,975 853 4,815
Underlying
earnings before
financial items
and tax (EBIT) (493) 868 > (100) % 2,032 > (100) % 6,009

Underlying earnings
before financial
items and tax
(EBIT) :
Aluminium Metal (476) 435 > (100) % 1,255 > (100) % 3,575
Aluminium
Products (257) (239) (7) % 370 > (100) % 988
Energy 416 592 (30) % 399 4 % 1,736
Corporate, other
and eliminations (176) 81 > (100) % 8 > (100) % (290)
Underlying
earnings before
financial items
and tax (EBIT) (493) 868 > (100) % 2,032 > (100)% 6,009

Income (loss)
from continuing
operations (280) (5,845) 95 % 1,443 > (100)% (3,267)

Underlying income
(loss) from
continuing
operations (480) (184) > (100) % 1,376 > (100)% 3,579

Earnings per
share from
continuing
operations (0.29) (4.99) 94 % 1.21 > (100)% (3.04)

Underlying
earnings per
share from
continuing
operations (0.45) (0.29) (54) % 1.15 > (100)% 2.62

Financial data:
Investments 685 2,749 (75) % 2,267 (70)% 9,012
Adjusted net
interest-bearing
debt (18,839)(15,440) (22) % 163 > (100)% (15,440)

Operating
statistics

Realized
aluminium price
LME (USD/mt) 1,996 2,654 (25) % 2,450 (19)% 2,638
Realized
aluminium price
LME (NOK/mt) 13,393 16,904 (21) % 13,354 - 14,724
Primary aluminium
production (kmt) 397 442 (10) % 433 (8)% 1,750
Rolled Products
sales volumes to
external market
(kmt) 191 213 (10) % 253 (24)% 965
Extrusion sales
volumes to
external market
(kmt) 96 103 (7) % 130 (26)% 488
Automotive sales
volumes to
external market
(kmt) 17 18 (2) % 31 (43)% 105
Power production
(GWh) 2,477 2,813 (12) % 2,850 (13)% 11,361

Reported EBIT and income from continuing operations

Reported EBIT for Hydro amounted to a loss of NOK 1,598 million for the
first quarter including charges of roughly NOK 1,100 million comprised of
negative metal effects of NOK 660 million, rationalization charges and
closure costs of NOK 300 million and net unrealized derivative losses of
about NOK 130 million. Reported EBIT amounted to a loss of NOK 3,106
million for the fourth quarter of 2008 including charges of roughly NOK
3,980 million, comprised of impairment losses of NOK 2,150 million,
write-downs of roughly NOK 300 million relating to our minority interests
in solar businesses, net unrealized derivative losses of about NOK 770
million and other net negative effects of roughly NOK 760 million.

Reported Loss from continuing operations amounted to NOK 280 million in
the first quarter including net foreign exchange gains of about NOK 1,480
million mainly relating to intercompany balances denominated in Euro.
These gains have no cash effect and are offset in equity by translation
of the corresponding subsidiaries during consolidation. Reported Loss
from continuing operations amounted to NOK 5,845 million in the fourth
quarter including net foreign exchange losses of NOK 4,629 million.
Approximately half of the losses related mainly to Hydro's US dollar
hedging program. The remainder related to losses on intercompany balances
denominated in Euro.

Market developments and outlook

The severe downturn in the global economy has led to a continued decline
in demand for aluminium following a sharp fall in demand in the previous
quarter and rapidly increasing inventory levels. Prices started the
quarter at USD 1,536 per mt and closed at USD 1,405 per mt. At such
levels, prices are lower than the cash cost of a substantial portion of
global smelter production. In response, announced capacity curtailments
have reached a global level of 3.4 million mt annually excluding China.

The market for metal products (extrusion ingot, sheet ingot, foundry
alloys and wire rod) in Europe and North America has continued to decline
following the dramatic weakening of these markets in the previous
quarter. All major end-use markets have been impacted including
automotive, building and general engineering.

Aluminium prices are expected to remain low in the medium-term, but
forward visibility continues to be limited and there is significant
uncertainty regarding developments. There are indications that the rate
of increase in LME inventories is slowing as announced curtailments are
put into effect. No substantial improvement in demand for metal products
is expected in the coming months and there continues to be significant
uncertainty regarding the timing of an eventual recovery.

Outlook for Hydro

Prices of key raw materials used in the production of primary metal have
fallen in the past several months and Hydro has taken active steps to
capitalize on this development. We expect a more substantial impact from
the price declines in future quarters. Measures to significantly reduce
costs and manning throughout our downstream activities are continuing
which will enable us to partly mitigate the effects of the significantly
lower market demand as the on-going recession in Europe and the US
develops.

Hydro's water and snow reservoirs were lower than normal at the end of
the first quarter, and considerably lower than the corresponding periods
in 2008 and 2007. As a result, power production and financial results for
Energy are expected to be significantly lower in the second quarter of
2009 compared to previous quarters.

During a maintenance shutdown in March, Hydro detected serious damage in
the Suldal I power station at the Roldal-Suldal hydroelectric facility in
Norway. As a result, Hydro's power production in 2009, and in particular
in the second quarter, will be negatively impacted. The cost of repair
and effects of the business interruption are covered by insurance,
however, offsetting effects of the reimbursement will likely occur in
later quarters than the negative effects of production losses.

At the end of first quarter, Hydro had sold 87 percent of its primary
aluminium production for the second quarter of 2009 forward and expects
to realize an average price of USD 1,426 per mt. Hydro expects a
continued weak result in the second quarter of 2009.

In fourth quarter 2008 and first quarter 2009 Hydro made provisions for
future rationalization and closure costs relating to the plant shut-downs
of roughly NOK 400 million in total. These are reported as items excluded
from underlying EBIT and will mainly have cash effects in future
quarters. If it becomes necessary to permanently close plants that have
been curtailed on a temporary basis, additional substantial closure costs
would be necessary.

Hydro is in process of reviewing the size and structure of its
administrative staff functions which are expected to result in reduced
manning levels with corresponding rationalization costs in the coming
quarters.

Our business activities expose us to the risk that one or more
counterparties may default on their obligations, resulting in direct
financial loss, an unexpected increase in market exposure or higher
operating costs. The present weak and deteriorating economic conditions,
combined with challenging financial markets, increase the risk of
defaulting counterparties. So far we have not experienced any significant
defaults and are carefully monitoring the situation.

Aluminium Metal

Aluminium Metal delivered an underlying loss of NOK 476 million for the
quarter, a substantial decline from underlying EBIT of NOK 435 million in
the previous quarter which included inventory write-downs amounting to
NOK 700 million. Underlying results for the first quarter included
inventory write-downs of about NOK 485 million as LME prices remain below
our cost of production. The charge for the quarter, however, was more
than offset by the effect of lower costs of goods sold due to the earlier
write-downs, amounting to a net positive impact of about NOK 110 million.

Underlying EBIT for Primary Aluminium declined for the quarter heavily
impacted by the sharp decline in LME prices, lower product premiums and
lower sales of casthouse products. Realized LME prices declined
significantly measured in both US dollars and Norwegian kroner impacting
underlying EBIT by roughly NOK 1,500 million. Due to lower future sales
volumes as a result of production curtailments, Hydro decided to realize
a portion of hedge contracts (LME) resulting in a gain of approximately
NOK 160 million. Fixed and variable costs were lower for the quarter
having a positive influence on underlying results of roughly NOK 370
million and NOK 500 million respectively. Production declined about
45,000 mt in the first quarter as a result of capacity curtailments
underway at Hydro's higher-cost smelters. During the quarter, Hydro
closed down about 300,000 mt of annual capacity relating to planned
curtailments of approximately 500,000 mt.

Hydro's Bauxite and Alumina business operated at a loss for the quarter
declining significantly from a positive underlying EBIT in the fourth
quarter of 2008. Underlying results for Alunorte fell sharply reflecting
significantly lower realized alumina prices measured in US dollars due to
declining LME prices. Alpart continued to operate at a loss for the
quarter. Fifty percent of Alpart's production capacity was shut-down in
the middle of January 2009 reducing output by about 70,000 mt compared to
the previous quarter. In March, a decision was taken by the partners of
Alpart to close down the remaining production. The temporary closure is
expected to be completed by the middle of May 2009.

Underlying EBIT for our Commercial operations showed a substantial loss
for the quarter, heavily influenced by negative currency effects due to a
weaker Euro against the US dollar and Norwegian kroner. Underlying
results for our Commercial Products operations continued to be impacted
by very weak sales volumes with corresponding low production in our
remelters.

Outlook

Aluminium prices are expected to remain low in the medium-term, but
forward visibility continues to be limited. No substantial improvement in
demand for metal products is expected in the coming months.

The significant drop in demand for aluminium has resulted in declining
demand for raw materials and smelter input costs are falling.

Curtailed capacity and newly commissioned capacity is expected to come on
stream in China during the next several months, increasing downward
pressure on the SHFE aluminium price. As a result, the higher level of
imports of primary aluminium into the Chinese market is not expected to
be sustainable. Fiscal measures make China a self-contained market for
primary metal in the long-term. As a result, the market balance for
primary aluminium in China is not expected to have a significant impact
on primary metal markets outside of China in the long-term.

Global primary aluminium consumption excluding China could decline by 15
- 20 percent in 2009 from a consumption level of 25 million mt in 2008.
Supported by economic stimulus and recovery packages, Chinese consumption
of primary aluminium in 2009 is expected to be in line with 2008 level of
12.5 million mt.

Outlook for Hydro

In response to the sharp fall in demand, Hydro has announced curtailments
of about 500,000 mt of primary metal capacity representing just under 30
percent of Hydro's total capacity in 2008. As a result, production for
the quarter was reduced by 45,000 mt at our higher cost smelters. By the
end of the first quarter, roughly 300,000 mt of this capacity has been
shut-down. The remainder will be idled during the second quarter.

In January 2009 approximately 50 percent of the production capacity of
the Alpart alumina refinery was temporarily curtailed. In March, a
decision was taken to temporarily close down the remaining production and
the plant is expected to be shut-down by the middle of May. Hydro's share
of Alpart's alumina production amounted to approximately 580,000 mt in
2008. The temporary shutdown of Alpart will further align Hydro's alumina
balance, based on the announced curtailments in our smelter production
system.

Electrolysis production at the Neuss smelter will be fully curtailed by
the end of the second quarter of 2009. If it becomes apparent that we
will not be able to resume production at the plant without sustainable
profits over time, it will be necessary to consider permanent closure of
the operations. A permanent shut-down would require substantial
additional closure costs mainly for termination of the work force.

Prices for key raw materials have fallen in the past several months and
Hydro has taken active steps to capitalize on this development. Alumina
prices, which are normally linked to LME prices 1), have declined
together with other important raw material prices such as petroleum coke.

Fluctuation in LME prices impact our alumina costs with a lag of about
two to three months due to the timing of price indexing as well as
transport and storage.

Aluminium Products

Our Aluminium Products business incurred an underlying loss of NOK 257
million for the quarter heavily impacted by the deepening global
recession. All of our sub-segments operated at a loss for the period.
Volumes declined further following a sharp drop in the previous quarter
which was impacted by the negative economic developments in addition to
seasonal declines. The effects from the drop in demand has been mitigated
by cost saving measures such as manning reductions and procurement
initiatives, but with the rapid decline in volumes the cost measures do
not fully compensate for the market effects.

Underlying results for our Rolled Products business were impacted by
lower volumes in all market segments (with the exception of lithographic
products) and declining margins compared to the previous quarter. Volumes
declined significantly for our Extrusion operating units but to a more
limited extent for our Building Systems business. Margins declined for
our European extrusion and Building Systems business from the previous
quarter. Margins for our US operations improved for the quarter compared
to the previous quarter which was negatively impacted by the reduction of
higher priced raw material inventories increasing cost of goods sold.
Underlying results for our South American operations continued to be
positive, but at a lower level and continued to be negatively impacted by
the stronger US dollar. Underlying results for our Automotive operations
were heavily impacted by the extremely weak automotive market. However,
underlying results improved from the substantial losses incurred in the
previous quarter as cost reduction measures began to have a positive
impact.

Outlook

Market developments, in particular the capital intensive transport and
building markets, continue to be highly uncertain due to the deepening
global recession.

Market demand for flat rolled products in Europe is expected to remain at
the current low levels during the coming months, and there are few signs
of improvement. The stronger US dollar versus the Euro compared to first
half 2008 is expected to reduce pressure on margins from potential
imports into European markets. However, we expect increasing margin
pressure in general as a result of weakening demand. Cost pressure is
expected to ease due to the negative economic developments and lower
energy prices. However, developments are uncertain.

The overall outlook for the European extrusion market continues to be
weak with lower demand across most market segments, in particular the
automotive and transportation segments. The negative market outlook is
expected to result in increased pressure on margins. In the US, extrusion
markets are expected to remain severely depressed, with no signs of
recovery. South American markets are expected to weaken, but demand in
Brazil is expected to continue holding up fairly well.

Following prolonged holiday shutdowns at the end of 2008, a slight
improvement in the European automotive market is expected but demand is
expected to remain significantly below the levels of first half 2008.
Demand in North America shows no signs of recovering from the very low
levels experienced in the previous quarters. There are indications that
demand in Asia and South America is weakening from the robust levels
experienced last year.

Outlook for Hydro

Measures to significantly reduce costs and manning throughout our
downstream activities are continuing. Our focused efforts to improve the
profitability of these businesses have helped prepare us for the sudden
and dramatic market developments which occurred towards the end of last
year but can only partly compensate for the unprecedented fall in market
demand. Actions across all of our business sectors have been identified
including additional shift and manning reductions, procurement
initiatives to capitalize on falling raw material prices as well as
reductions in capital expenditures and working capital. These measures
will enable us to partly mitigate the effects of the significant lower
market demand as the on-going recession in Europe and the US develops.

Energy

Underlying EBIT decreased from the record high result in the fourth
quarter of 2008, which was influenced by exceptionally high spot prices
and high production. The decrease mainly resulted from by declining spot
prices and lower production volumes, which were however high on a
seasonal level. Underlying results improved somewhat compared to the
first quarter of 2008, mainly due to higher spot prices.

Direct power production costs decreased moderately from the fourth
quarter of 2009, partly due to somewhat lower maintenance activity during
the winter months.

Hydro's solar activities reported an underlying loss of NOK 31 million in
the first quarter of 2009 compared with a loss of NOK 52 million in the
fourth quarter of 2008 and a loss of NOK 22 million during the first
quarter of 2008. The improvement from the previous quarter was mainly due
to lower research and development costs.

Outlook

By the end of the first quarter, the total water and snow balance in
Norway was estimated to be approximately 10 percent lower than normal and
about 10 percent lower than at the same time in 2008. Forward prices on
the NordPool power exchange indicate that the spot price level at the end
of the first quarter will continue well into the second quarter. The
global economic recession will continue to impact power markets on the
European Continent and in the Nordic region, with power prices influenced
by lower thermal fuel costs and the effects of lower industrial power
consumption.

Outlook for Hydro

Hydro's water and snow reservoirs were lower than normal at the end of
the first quarter, and considerably lower than the corresponding periods
in 2008 and 2007. As a result, power production and financial results for
Energy are expected to be significantly lower in the second quarter of
2009 compared to previous quarters.

During a maintenance shutdown in March, Hydro detected serious damage to
the high pressure shaft in the Suldal I power station at the
Roldal-Suldal hydroelectric facility in Norway. The repair strategy and
outage time are currently under evaluation but the plant is expected to
be out of production for at least 6 months. Suldal I has an installed
capacity of 160 MW and a normal yearly production of approximately 1 TWh.
Hydro's power production in 2009, and in particular in the second
quarter, will be negatively impacted. The cost of repair and effects of
the business interruption are covered by insurance, however, offsetting
effects of the reimbursement will likely occur in later quarters than the
negative effects of production losses.

Corporate, other and eliminations

Underlying EBIT for Corporate, other and eliminations amounted to charge
of NOK 176 million in the first quarter compared with a positive amount
of NOK 81 million in the fourth quarter and a positive amount of NOK 8
million in the first quarter of 2008. Underlying EBIT included
eliminations of changes in unrealized profit and loss on inventories
purchased from group companies amounting to a credit NOK 155 million and
NOK 273 million in the first quarter of 2009 and fourth quarter of 2008
respectively. Pension charges relating to Corporate and eliminations
amounted to NOK 210 million for the first quarter and NOK 67 million for
the previous quarter.

Items excluded from underlying EBIT and income from continuing Operations

To provide a better understanding of Hydro's underlying performance, the
items in the table below have been excluded from EBIT and income from
continuing operations.

Items excluded from underlying EBIT are comprised mainly of unrealized
gains and losses on certain derivatives, impairment and rationalization
charges, effects of disposals of businesses and operating assets, as well
as other items that are of a special nature or are not expected to be
incurred on an ongoing basis.

Items excluded from underlying First Fourth First
income from continuing operations quarter quarter quarter Year
2009 2008 2008 2008
NOK million

Unrealized derivative effects on LME
related contracts 727 1,984 (560) 1,120
Unrealized derivative effects on
power contracts (580) (1,481) 1,291 768
Unrealized derivative effects on
currency contracts (19) 265 9 314
Metal effect, Rolled Products 662 407 113 235
Significant rationalization charges
and closure costs 305 109 - 109
Impairment charges (PP&E and equity
accounted investments) 10 2,464 - 2,464
Loss provisions (power contracts) - 257 - 257
(Gains)/losses on divestments - (29) - (453)
Items excluded from underlying EBIT 1,105 3,975 853 4,815
Net foreign exchange (gain)/loss (1,478) 4,629 (854) 5,491
Calculated income tax effect 174 (2,943) (66) (3,460)
Items excluded from underlying
income from continuing operations (199) 5,661 (67) 6,846

Finance

During the quarter, currency gains on intercompany balances
denominated in Euro amounted to about NOK 1.5 billion due to weaker Euro
against the Norwegian kroner. These gains have no cash effect and are
offset in equity by translation of the corresponding subsidiaries during
consolidation. 1) The net effect of other currency gains and losses
relating to the Euro, US dollars and other currencies during the quarter
was not significant.

At end of first quarter 2009 cash and cash equivalents amounted to NOK
3.1 billion down from NOK 3.3 billion at the end of fourth quarter 2008.
During first quarter 2009 Hydro issued NOK 1 billion in commercial paper
and drew-down EUR 100 million on an a new EUR 750 million syndicated
3-year revolving credit facility.

The Euro gains arise from group positions that create accounting gains
recognized in the income statement of the parent company when the Euro
depreciates against the Norwegian kroner. No corresponding losses are
recognized in the income statement of the subsidiaries that use Euro as
functional currency. This has no cash effect for the group. When the
subsidiaries Euro financial statements are translated into NOK for
consolidation, currency effects on the Euro intercompany deposits are
included directly in consolidated equity in the balance sheet, offsetting
the currency gains recognized through the income statement of the parent
company.

Tax

Income taxes amounted to a charge of NOK 155 million in the quarter
compared with a positive amount of NOK 1,748 million in the previous
quarter and a charge of NOK 734 million in the first quarter of 2008.

Income taxes charges in the first quarter on pre-tax losses of NOK 126
million resulted mainly from the effects of power surtaxes and the
results from equity accounted investments, which are recognized net of
tax.

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

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.

Press contact
Contact Erik Brynhildsbakken
Telephone +47 22538301
Cellular +47 41751271
E-mail Email Contact

Investor contact
Contact Stefan Solberg
Telephone +47 22539280
Cellular +47 91727528
E-mail Email Contact

Copyright 2009, Market Wire, All rights reserved.

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