Norsk Hydro: Primary insiders purchase shares under Long Term Incentive program and shares to employees

Long-Term Incentive plan
Norsk Hydro ASA has a share-based Long-Term Incentive (LTI) in the form of a remuneration of 30 percent of annual base salary for the President and CEO and the other members of the Corporate Management Board. The LTI payment requires that Hydro had a positive underlying EBIT in the previous year and is based partly on a) Average of the past three years' return on capital employed (RoaCE), measured against the company's internal return target, b) Total shareholder return (TSR) measured against a weighted average of TSR for comparable companies. The participants will be required to invest the net amount after tax in Hydro shares and such shares must be held for at least three years.

See list below of primary insiders that on March 31, 2020, have acquired Hydro shares under the LTI plan at NOK 29.62 per share. A total of 43 238 shares have been sold by Hydro to the participants in the LTI plan. Norsk Hydro ASA holds 21 306 248 own shares after these transactions and the number of outstanding shares are 2 047 692 028.

Sale of shares to employees
Primary insiders in Hydro have also agreed to purchase shares under a general arrangement offered to Hydro employees in Norway each year.

Hydro employees in Norway have been offered to purchase shares valued at NOK 12,500, with a 50 percent discount. For employees taking part in this arrangement, the share price before discount is NOK 29.62 per share, for 422 shares, and will be transferred during April 2020.

The following primary insiders have purchased shares under the long-term incentive program and agreed to purchase shares under the employee share plan:

*Including shares agreed to be acquired under the employee share plan by close relative

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

Press contact
Contact Halvor Molland
Cellular +47 92979797
E-mail Halvor.Molland@hydro.com

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act