On January 31, 2024, Hydro finalized the open market repurchase of the 2023-2024 buyback program as announced on September 22, 2023.

The total program comprises 32 192 623 shares, of which 21 163 019 shares were repurchased in the market. The remaining 11 029 604 shares will be purchased from the Norwegian state through the Ministry of Trade, Industry and Fisheries, and therefore the Ministry's ownership interest in Norsk Hydro ASA of 34.26% will remain unchanged.

The 32 192 623 shares will be cancelled following approval by the Annual General Meeting in May 2024. The shares that have been repurchased in the open market have had an immediate cash effect, whereas the pro rata shares from the Norwegian state will be paid simultaneously with the capital reduction in mid-2024.

The weighted average price for the 21 163 019 shares was NOK 62.13.  

Please see below information about the last transactions made under the share buyback program for Norsk Hydro ASA.

Overview of transactions:

Prior to the share buyback program Norsk Hydro ASA owned a total of 15 096 878 own shares. Following the above listed transactions, Norsk Hydro ASA owns a total of 36 259 897 shares, corresponding to 1.78% of Norsk Hydro ASA's share capital.

Attachment: An overview of all the completed transactions under the program for the dates specified above is attached to this notification and available on www.newsweb.no.

This is information that Norsk Hydro ASA is obliged to make public pursuant to the EU Market Abuse Regulation and subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

Investor contact:

Martine Rambøl Hagen
Head of Investor Relations
+47 91708918

Martine.Rambol.Hagen@hydro.com