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2015-09-10

Norsk Hydro: Hydro's part-owned aluminium plant Alouette agrees on terms and conditions for supply of electricity

Norsk Hydro ASA's part-owned aluminium plant in Canada, Alouette, and the
Government of Québec agreed on new terms and conditions for the existing
supply of electricity for the 13-year period from 2017 to 2029. After signing
the agreement setting the new power price, details have to be finalized with
the electricity supplier Hydro Quebec.

The price of electricity will be linked to the market price of aluminium in
the new contract, and the terms are fixed for the period from 2017 to 2029
and refer to a total of 8,5 TWh (965 MW) annually.

Aluminerie Alouette is located in Sept-Îles, Canada, and is the largest
aluminium plant in North America, with an annual production capacity of 600
000 mt primary aluminium. Alouette is owned 20% by Hydro Aluminium AS.

Investor contact
Contact Pål Kildemo
Cellular +47 97096711
E-mailPal.Kildemo@hydro.com

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

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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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