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 signeda 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 to2021. The power contract is the most important element in securing the totalpower 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 HydroAluminium AS. Slovalco has an annual production capacity of approximately165,000 metric tons of primary aluminium.Investor contactContact     Rikard LindqvistCellular    +47 41751199E-mail      Rikard.Lindqvist@hydro.comPress contactContact     Øyvind BreivikCellular    +47 40226686E-mail       Oyvind.Breivik@hydro.com*********Certain statements included within this announcement contain forward lookinginformation, including, without limitation, those relating to (a) forecasts,projections and estimates, (b) statements of management's plans, objectives andstrategies 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 futuredevelopments in Hydro's markets, particularly prices, supply and demand andcompetition, (e) results of operations, (f) margins, (g) growth rates, (h) riskmanagement, 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-lookingstatements are reasonable, these forward-looking statements are based on anumber of assumptions and forecasts that, by their nature, involve risk anduncertainty. Various factors could cause our actual results to differ materiallyfrom those projected in a forward-looking statement or affect the extent which aparticular projection is realized. Factors that could cause these differencesinclude, but are not limited to: our continued ability to reposition andrestructure our upstream and downstream aluminium business; changes inavailability and cost of energy and raw materials; global supply and demand foraluminium and aluminium products; world economic growth, including rates ofinflation and industrial production; changes in the relative value of currenciesand the value of commodity contracts; trends in Hydro's key markets andcompetition; and legislative, regulatory and political factors.No assurance can be given that such expectations will prove to have beencorrect. Hydro disclaims any obligation to update or revise any forward-lookingstatements, whether as a result of new information, future events or otherwise.This information is subject of the disclosure requirements pursuant to section5-12 of the Norwegian Securities Trading Act.[HUG#1734157]