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Shares offered to Hydro employees

July 2, 2002, 01:00 CEST

Around 75 percent of the employees entitled to the offer have accepted Hydro's offer and purchased shares in the company.

In connection with sale of shares to employees of Norsk Hydro ASA, under a general arrangement offered to employees in Norway, approximately 75 percent of the employees entitled to the offer have subscribed, and have been allocated 29 shares each at NOK 205.15 per share.

The terms are according to Hydro's share purchase plan for employees in Norway.

Norsk Hydro holds 8,636,118 own shares after this transaction.