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              Issue of commercial paper

              Norsk Hydro ASA has issued a NOK 1 billion commercial paper with maturity February 15, 2010, coupon 2.37%, replacing the commercial paper NO0010491194 maturing on August 13, 2009.

              Arranger is SEB Merchant Banking.

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

              Published: August 10, 2009