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2016-10-18

Norsk Hydro: Change in Hydro's Corporate Management Board

Executive Vice President and Head of Hydro's business area Bauxite&Alumina,
Alberto Fabrini, will leave Norsk Hydro ASA. The change will be effective
from October 18.

Alberto Fabrini was appointed Executive Vice President and member of Hydro's
Corporate Management Board in 2014. He was previously Chief Operating Officer
in Bauxite&Alumina and plant manager of the Albras primary plant in Brazil.

Fabrini has also held the position as plant manager of Hydro's former
part-owned Alpart alumina refinery in Jamaica and plant manager at Hydro's
Kurri Kurri primary plant in Australia.

Eivind Kallevik has been appointed acting EVP/Head of Bauxite&Alumina business
area. The process to find a permanent successor has started and will be
communicated in due time. Kallevik will at the same time remain in his
position as CFO.

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

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

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Certain statements included in this announcement contain forward-looking
information, including, without limitation, information relating to (a)
forecasts, projections and estimates, (b) statements of Hydro management
concerning plans, objectives and strategies, such as planned expansions,
investments, divestments, curtailments or other projects, (c) targeted
production volumes and costs, capacities or rates, start-up costs, cost
reductions and profit objectives, (d) various expectations about future
developments in Hydro's markets, particularly prices, supply and demand and
competition, (e) results of operations, (f) margins, (g) growth rates, (h)
risk management, and (i) qualified statements such as "expected",
"scheduled", "targeted", "planned", "proposed", "intended" or similar.

Although we believe that the expectations reflected in such forward-looking
statements are reasonable, these forward-looking statements are based on a
number of assumptions and forecasts that, by their nature, involve risk and
uncertainty. Various factors could cause our actual results to differ
materially from those projected in a forward-looking statement or affect the
extent to which a particular projection is realized. Factors that could cause
these differences include, but are not limited to: our continued ability to
reposition and restructure our upstream and downstream businesses; changes in
availability and cost of energy and raw materials; global supply and demand
for aluminium and aluminium products; world economic growth, including rates
of inflation and industrial production; changes in the relative value of
currencies and the value of commodity contracts; trends in Hydro's key
markets and competition; and legislative, regulatory and political factors.

No assurance can be given that such expectations will prove to have been
correct. Hydro disclaims any obligation to update or revise any
forward-looking statements, whether because of new information, future events
or otherwise.

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Norsk Hydro via Globenewswire

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