Norsk Hydro: Svein Richard Brandtzæg stays on as Hydro CEO

Svein Richard Brandtzæg will stay on as President and CEO of Norwegian aluminium
company Norsk Hydro ASA.

"We are very pleased that Brandtzæg has decided to continue as President and CEO
of Hydro," said Dag Mejdell, chair of Hydro's Board of Directors. "Brandtzæg has
led the company in a steady and robust manner, turning Hydro into a world-
leading aluminium company. The Board of Directors remains confident that he is
the best CEO to lead the company in the future."

After Brandtzæg notified Hydro's Board of Directors in July that he would resign
from Hydro to become President and CEO of Norwegian fertilizers company Yara
International ASA, Hydro's Board of Directors asked Brandtzæg to reconsider.
Brandtzæg has now decided to withdraw his resignation and stay on as CEO of
Hydro. His decision has been accepted and welcomed by the Board.

"I have concluded that the most exciting and rewarding challenges are exactly
here in Hydro. Hydro's commercial and operational position, together with the
best workforce in the industry, gives promising opportunities for a future that
I want to be part of," said President and CEO Svein Richard Brandtzæg. "Hydro is
where I belong, and aluminium remains my first choice."

Brandtzæg joined Hydro in 1986 and has held various positions, including EVP and
Head of Aluminium Products, Head of Rolled Products, Head of Metal Products and
Head of Magnesium. He has been Hydro's President and CEO since March 2009.

Brandtzæg's terms and conditions remain unchanged.

Investor contact
Contact Pål Kildemo
Cellular +47 97096711
E-mail Pål.Kildemo@hydro.com

Press contact
Contact Halvor Molland
Cellular +47 92979797
E-mail Halvor.Molland@hydro.com

Certain statements included within this announcement contain forward-looking
information, including, without limitation, those relating to (a) forecasts,
projections and estimates, (b) statements of management's plans, objectives and
strategies for Hydro, such as planned expansions, investments or other projects,
(c) targeted production volumes and costs, capacities or rates, start up costs,
cost reductions and profit objectives, (d) various expectations about future
developments in Hydro's markets, particularly prices, supply and demand and
competition, (e) results of operations, (f) margins, (g) growth rates, (h) risk
management, as well as (i) statements preceded by "expected", "scheduled",
"targeted", "planned", "proposed", "intended" or similar statements.

Although we believe that the expectations reflected in such forward-looking
statements are reasonable, these forward-looking statements are based on a
number of assumptions and forecasts that, by their nature, involve risk and
uncertainty. Various factors could cause our actual results to differ materially
from those projected in a forward-looking statement or affect the extent to
which a particular projection is realized. Factors that could cause these
differences include, but are not limited to: our continued ability to reposition
and restructure our upstream and downstream aluminium business; changes in
availability and cost of energy and raw materials; global supply and demand for
aluminium and aluminium products; world economic growth, including rates of
inflation and industrial production; changes in the relative value of currencies
and the value of commodity contracts; trends in Hydro's key markets and
competition; and legislative, regulatory and political factors.

No assurance can be given that such expectations will prove to have been
correct. Hydro disclaims any obligation to update or revise any forward looking
statements, whether as a result of new information, future events or otherwise.




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


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