Sale of shares to employees

Norsk Hydro ASA has today sold 64,638 shares to certain employees atNOK 37.57 per share. The transaction is part of a general sharepurchase arrangement offered to the employees of Norsk Hydro ASA eachyear.

All employees in Norway have been offered to purchase shares valuedat NOK 20,000 with a 50 percent discount, corresponding to 266 sharesat NOK 37.57 per share. The terms are according to Hydro`s sharepurchase plan for employees in Norway where at least a 12 percenttotal shareholder return is required to obtain the 50 percentdiscount. Today's transaction comes in addition to the mainallocation of shares under this arrangement which was done on May 2,2008.

Norsk Hydro ASA holds 37,223,086 own shares after this transactionand the number of outstanding shares is 1,210,733,863.

Press contactContact        Halvor MollandTelephone      +47 22532421Cellular       +47 92979797E-mail         Halvor.Molland@hydro.comInvestor contactContact        Stefan SolbergTelephone      +47 22539280Cellular       +47 91727528E-mail         Stefan.Solberg@hydro.com

Certain statements included within this announcement containforward-looking information, including, without limitation, thoserelating to (a) forecasts, projections and estimates, (b) statementsof management's plans, objectives and strategies for Hydro, such asplanned expansions, investments or other projects, (c) targetedproduction volumes and costs, capacities or rates, start-up costs,cost reductions and profit objectives, (d) various expectations aboutfuture developments in Hydro's markets, particularly prices, supplyand demand and competition, (e) results of operations, (f) margins,(g) growth rates, (h) risk management, as well as (i) statementspreceded by "expected", "scheduled", "targeted", "planned","proposed", "intended" or similar statements.

Although we believe that the expectations reflected in suchforward-looking statements are reasonable, these forward-lookingstatements are based on a number of assumptions and forecasts that,by their nature, involve risk and uncertainty. Various factors couldcause our actual results to differ materially from those projected ina forward-looking statement or affect the extent to which aparticular projection is realized. Factors that could cause thesedifferences include, but are not limited to: our continued ability toreposition and restructure our upstream and downstream aluminiumbusiness; changes in availability and cost of energy and rawmaterials; global supply and demand for aluminium and aluminiumproducts; world economic growth, including rates of inflation andindustrial production; changes in the relative value of currenciesand the value of commodity contracts; trends in Hydro's key marketsand competition; and legislative, regulatory and political factors.

No assurance can be given that such expectations will prove to havebeen correct. Hydro disclaims any obligation to update or revise anyforward-looking statements, whether as a result of new information,future events or otherwise.

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