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Primary insiders purchase shares under Long Term Incentive Program

Following approval by Norsk Hydro ASA's Annual General Meeting in 2010, the Board of Directors established a Long Term Incentive (LTI) in the form of a remuneration of 30 percent and 25 percent of annual base salary for the President and CEO and the other members of the Corporate Management Board.

The LTI payment requires that Hydro has had a positive underlying EBIT in the previous year. The participants will be required to invest the net amount after tax in Hydro shares and such shares must be held for at least three years.

The following primary insiders have on April 2, 2013, acquired Hydro shares under the above mentioned program at NOK 27.19 per share.

Name Acquired shares New holding
President and CEO Svein Richard Brandtzæg  32 284 123 251
Executive Vice President Wenche Agerup 11 840 42 020
Executive Vice President Hans-Joachim Kock 16 520 43 475
Executive Vice President Oliver Bell 20 173 50 631
Executive Vice President Arvid Moss 12 106 98 582
Executive Vice President Hilde Merete Aasheim 14 065 36 698
Executive Vice President Johnny Undeli 13 654 38 238


A total of 135,652 shares have been sold by Hydro to the participants in the Long Term Incentive program.

Hydro holds 31,294,462 own shares after this transaction and the number of outstanding shares are 2,037,703,814.