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Issue of commercial paper

Norsk Hydro ASA has issued a NOK 1 billion commercial paper with maturity February 15, 2010, coupon 2.37%, replacing the commercial paper NO0010491194 maturing on August 13, 2009.

Arranger is SEB Merchant Banking.

Investor contact
Contact:     Stefan Solberg
Telephone: +47 22539280
Cellular:     +47 91727528
E-mail:       Stefan.Solberg@hydro.com