Sale of shares to employees

All employees employed by Norsk Hydro in Norway have been offered to purchase shares valued at NOK 10,000 with a 25 percent discount. 82 percent of the employees entitled to the offer have subscribed, and have each been allocated 336 shares at NOK 22.28 per share. The total number of shares allocated and transferred on April 30, 2014 is 921,984.

Norsk Hydro ASA holds 29,165,988 own shares after this transaction and the number of outstanding shares are 2,039,832,288.

With reference to the stock exchange announcement as of April 1, 2014, the following primary insiders have under the above mentioned scheme each purchased 336 shares: >

Name	New holding
President and CEO Svein Richard Brandtzæg	160 565
Executive Vice President and CFO Eivind Kallevik	21 075
Executive Vice President Wenche Agerup	55 034
Executive Vice President Arvid Moss	117 685
Executive Vice President Hilde Merete Aasheim	50 699
Executive Vice President Johnny Undeli	53 194
Employee representative to the Board of Directors Billy Fredagsvik	3 162
Employee representative to the Board of Directors Ove Ellefsen	3 547
Employee representative to the Board of Directors Sten Roar Martinsen	4 218
Company Secretary Anne-Lene Midseim	3 403