Norsk Hydro: Status share buyback program

Rhea-AI Summary

Norsk Hydro ASA has provided an update on its share buyback program, which runs from September 11, 2024, to February 28, 2025. From November 6-12, 2024, the company purchased 1,457,211 shares at prices ranging from NOK 65.85 to NOK 69.86. The total accumulated shares bought under the program to date are 8,889,906 at an average price of NOK 66.28, with a total transaction value of NOK 589,255,450. Following these transactions, Norsk Hydro now owns 22,972,411 shares, representing 1.14% of its share capital.

Positive

• Significant share buyback program demonstrates confidence in company value
• Company has accumulated 8.89M shares, showing strong execution of buyback program
• Total investment of NOK 589.26M in share repurchases benefits remaining shareholders

Negative

• Share buyback reduces company's cash reserves by NOK 589.26M
• Declining share price trend observed during reporting period (NOK 69.86 to NOK 65.85)

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)
06/11/2024	200 000	69.32	13 864 720
07/11/2024	7 211	69.86	503 744
08/11/2024	250 000	69.62	17 406 075
11/11/2024	350 000	68.26	23 890 125
12/11/2024	650 000	65.85	42 805 035
Previous Transactions	7 432 695
Accumulated to date	8 889 906	66.28	589 255 450

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 22 972 411 shares, corresponding to 1.14% 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

• 121124_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) purchased in total under the current buyback program?

Norsk Hydro has purchased 8,889,906 shares under the current buyback program as of the latest report.

What percentage of Norsk Hydro's (NHYDY) share capital does the company own after recent buybacks?

Following the recent transactions, Norsk Hydro owns 22,972,411 shares, corresponding to 1.14% of its share capital.

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

The average price paid per share in the buyback program was NOK 66.28.