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      Annual General Meeting approves dividend of NOK 0.50 per share

      The Annual General Meeting of Norsk Hydro ASA today adopted all the items as proposed on the agenda, including the proposal to distribute a dividend of NOK 0.50 per share. The dividend will be paid on May 18, 2010 to ordinary shareholders listed in the Norwegian Central Securities Depository as of May 7. The share will be traded ex-dividend from May 5.

      The Annual General Meeting also elected a new auditor, KPMG.

      The Annual General Meeting elected the following members to the Corporate Assembly:
      Siri Teigum (chair)
      Leif Teksum (deputy chair)
      Westye Høegh
      Idar Kreutzer
      Lars Tronsgaard
      Sten-Arthur Sælør
      Anne-Margrethe Firing
      Terje Venold
      Unni Steinsmo
      Tove Wangensten
      Jon Lund
      Anne Kverneland Bogsnes 

      Correspondingly the following deputy members were elected for the same period:
      Gunvor Ulstein
      Birger Solberg
      Kristin Færøvik
      Ann Kristin Sydnes 

      In addition the following members were elected to the Nomination Committee for a period of two years:
      Siri Teigum (chair)
      Leif Teksum
      Westye Høegh
      Mette Wikborg

      Investor contact
      Contact        Stian Hasle
      Cellular       +47 97736022
      E-mail          Stian.Hasle@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.