Norsk Hydro: Status share buyback program

Rhea-AI Summary

Norsk Hydro ASA has provided an update on its share buyback program announced on September 11, 2024, set to run until February 28, 2025. Between December 18-24, 2024, the company purchased approximately 2.22 million shares at prices ranging from NOK 61.95 to 63.73 per share. The total accumulated transactions under the program to date amount to 17.42 million shares at an average price of NOK 65.911, representing a total investment of NOK 1.15 billion. Following these transactions, Norsk Hydro now owns 31.51 million shares, equivalent to 1.57% of its share capital.

Positive

• Substantial share buyback program indicating strong financial position
• Company has acquired 17.42 million shares, demonstrating commitment to shareholder value
• Significant treasury position with 1.57% ownership of total share capital

Negative

• Declining average purchase price indicates potential share price weakness

Please see below information about transactions made under the share buyback program for Norsk Hydro ASA.

Announcement date of the share buyback program: September 11, 2024

End date of the share buyback program: February 28, 2025

Overview of transactions:

Date	Aggregated daily volume (number of Shares)	Weighted average share price per day (NOK)	Total daily transaction value (NOK)
18/12/2024	531 352	63.73	33 861 575
19/12/2024	600 000	62.50	37 502 160
20/12/2024	600 000	61.95	37 168 500
23/12/2024	490 000	62.51	30 632 056
24/12/2024
Previous Transactions	15 204 235
Accumulated to date	17 425 587	65.91	1 148 473 036

Prior to the share buyback program Norsk Hydro ASA owned a total of 14 082 505 own shares. Following the above listed transactions, Norsk Hydro ASA owns a total of 31 508 092 shares, corresponding to 1.57% of Norsk Hydro ASA's share capital.

Attachment: An overview of all the completed transactions under the program for the dates specified above is attached to this notification and available on www.newsweb.no.

Investor contact:

Martine Rambøl Hagen

Head of Investor Relations

+47 91708918

Martine.Rambol.Hagen@hydro.com

This is information that Norsk Hydro ASA is obliged to make public pursuant to the EU Market Abuse Regulation and subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

Attachment

• 231224_Norsk Hydro_Share Buyback Tracker

FAQ

When will Norsk Hydro's (NHYDY) current share buyback program end?

Norsk Hydro's current share buyback program is scheduled to end on February 28, 2025.

How many shares has Norsk Hydro (NHYDY) bought back as of December 24, 2024?

As of December 24, 2024, Norsk Hydro has bought back 17,425,587 shares under the current program.

What is the average price paid per share in Norsk Hydro's (NHYDY) buyback program?

The weighted average price paid per share in the buyback program is NOK 65.911.

What percentage of Norsk Hydro's (NHYDY) shares does the company now own?

Following the buyback transactions, Norsk Hydro owns 31,508,092 shares, corresponding to 1.57% of its share capital.

How much has Norsk Hydro (NHYDY) spent on share buybacks to date?

Norsk Hydro has spent NOK 1,148,473,036 (approximately 1.15 billion NOK) on share buybacks under the current program.