Norsk Hydro: Primary insiders have been allocated shares under the Long Term Incentive program

Norsk Hydro ASA has a share-based Long-Term Incentive program ("LTI") in the form of a maximum remuneration of 30 percent of the annual base salary, dependent on two equally weighted performance metrics for the President and CEO and the other members of the Corporate Management Board. The two performance measures are 1) Hydro's three-year average adjusted RoaCE relative to Hydro's adjusted RoaCE target and 2) Hydro's 3-year Total Shareholder Return (TSR) relative to a basket of peers. The LTI payment is conditional on Hydro having a positive adjusted EBITDA in the previous year. The participants will be required to invest the net amount after tax in Hydro shares, and they must hold the shares for at least three years.

The list below set out the primary insiders that on April 1, 2022, have been allocated Hydro shares under the LTI plan at NOK 88.03 per share.

Name	Allocated shares LTI plan	New holding
President and CEO Hilde Merete Aasheim	4 869	125 803
Executive Vice President and CFO Pål Kildemo	2 395	16 443
Executive Vice President Hydro Energy Arvid Moss	2 371	176 402
Executive Vice President Hydro Aluminium Metal Eivind Kallevik	2 674	76 511
Executive Vice President Bauxite & Alumina John Thuestad	4 078	63 109
Executive Vice President People & HSE Hilde Nordh	1 741	4 700
Executive Vice President Legal and Compliance Anne-Lene Midseim	1 897	36 280

Investor contact:
Line Haugetraa
[phone]
[e-mail]

Press contact:
Halvor Molland
[phone]
[e-mail]

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

Attachments

• KRT-1500 - Anne-Lene Midseim (https://ml-eu.globenewswire.com/Resource/Download/541eb285-eb81-4988-84c9-b0fb54513da4)
• KRT-1500 - Eivind Kallevik (https://ml-eu.globenewswire.com/Resource/Download/dee624df-b8ff-4298-ac6e-7490ca55d534)
• KRT-1500 - Hilde Merete Aasheim (https://ml-eu.globenewswire.com/Resource/Download/fe202047-2c66-454a-9813-704f3c6daabe)
• KRT-1500 - Hilde Vestheim Nordh (https://ml-eu.globenewswire.com/Resource/Download/7c6d7274-ff64-4115-9dc2-09f3ca2512c6)
• KRT-1500 - Arvid Moss (https://ml-eu.globenewswire.com/Resource/Download/890e2c59-ff7d-4317-9a79-a694c0a124df)
• KRT-1500 - John Thuestad (https://ml-eu.globenewswire.com/Resource/Download/96810683-0fcd-47d8-aa1d-4b5eabfa1956)
• KRT-1500 - Pal Kildemo (https://ml-eu.globenewswire.com/Resource/Download/590679e0-63d2-4c09-af41-8e9a8f50cb75)