NORSK HYDRO

• The Norwegian government, industry associations and trade unions have reached an agreement on the future of the Norwegian CO2 compensation scheme, valid from 2024 until 2030.
• “The CO2 compensation scheme is essential for maintaining competitive frame conditions for industries in Norway.
• The agreement between the Norwegian government, Norsk Industri, Industri Energi & Forbundet for ledelse og teknikk, Fellesforbundet, LO, and NHO is valid from 2024 until 2030.
• The revised CO2 compensation scheme includes a commitment for the industries to implement emission reduction and energy efficiency measures corresponding to 40 percent of the CO2 compensation paid.

• Executive Vice President Trond Olaf Christophersen has from March 6, 2024, been appointed acting CFO in Hydro.
• He replaces CFO Pål Kildemo, who will be leaving Hydro latest August 31 for a competitor.
• Trond Olaf Christophersen is currently Executive Vice President for Corporate Development in Hydro.
• Christophersen will remain in his current role and in addition act as CFO until a new CFO has been appointed.

• Norsk Hydro ASA has on February 15, 2024, signed a USD 1,000 million revolving multi-currency credit facility.
• The facility, which is available for general corporate purposes, carries a two-year tenor with a one-year extension option and replaces Hydro’s undrawn USD 1,300 million revolving credit facility.
• Credit Agricole CIB and DNB acted as the coordinating Mandated Lead Arrangers and Bookrunners on the transaction.
• DNB will act as Facility Agent and Documentation Agent.

The Board of Directors of Norsk Hydro ASA have decided to propose to the General Meeting a dividend of NOK 2.5 per share on the basis of the company’s financial statements for the financial year 2023.