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Norsk Hydro: Norsk Hydro's Part-owned Smelter Slovalco Signs Power Contract

OSLO, Norway, Oct. 8, 2013 (GLOBE NEWSWIRE) --

Norsk Hydro ASA's part-owned aluminium smelter in Slovakia, Slovalco, has signed
a Power Purchase Agreement (PPA) for power supply with Slovenské Elektrárne.



Following signing of a Letter of Intent for power supply, announced on July 18,
Slovalco has entered into a PPA for electricity supply in the period 2014 to
2021. The power contract is the most important element in securing the total
power framework for Slovalco, while securing other elements, such as grid cost,
are in process.



Slovalco is a fully consolidated aluminium smelter in Hydro, owned 55% by Hydro
Aluminium AS. Slovalco has an annual production capacity of approximately
165,000 metric tons of primary aluminium.



Investor contact

Contact     Rikard Lindqvist

Cellular    +47 41751199

E-mail      Rikard.Lindqvist@hydro.com



Press contact

Contact     Øyvind Breivik

Cellular    +47 40226686

E-mail       Oyvind.Breivik@hydro.com



*********



Certain statements included within this announcement contain forward looking
information, including, without limitation, those relating to (a) forecasts,
projections and estimates, (b) statements of management's plans, objectives and
strategies for Hydro, such as planned expansions, investments 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, as well as (i) statements preceded by "expected", "scheduled",
"targeted", "planned", "proposed", "intended" or similar statements.



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 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 aluminium business; 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 as a result of new information, future events or otherwise.



This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.




[HUG#1734157]

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