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Norsk Hydro: Hydro Årdal power outage has limited effect on production

Following the power outage on Friday night, around 10 percent of Hydro Årdal's
primary aluminium production capacity is temporarily shut down.

Hydro expects to leave customers unaffected by the incident by increasing
remelt of cold metal at the plant's cast house, compensating the temporarily
reduced primary production.

Full primary aluminium production is expected to resume in Q2 2016, and
financial effects are expected to be limited, based on the current
information. Casthouse operations at the plant has fully resumed after the
incident, and efforts are ongoing to further stabilize the plant's primary
aluminium production processes.

It was under adverse weather conditions in the region Hydro's primary
aluminium plant experienced almost four hours power outage due to a technical
fault. Hydro is still investigating the cause of this.

Hydro Årdal has an annual production of around 190 000 tonnes primary
aluminium, employs around 500 people, and casts sheet ingots and primary
foundry alloys.

Investor contact
Contact Pål Kildemo
Cellular +47 97096711

Press contact
Contact Halvor Molland
Cellular +47 92979797


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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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