Norsk Hydro: Status share buyback program

Rhea-AI Summary

Norsk Hydro ASA has provided an update on its share buyback program, which was announced on September 11, 2024, and is set to conclude on February 28, 2025. The company has reported transactions from September 18 to September 24, 2024, detailing the daily volume of shares purchased and their weighted average prices. The total accumulated shares bought to date under this program amount to 1,902,089, with a total transaction value of NOK 114,919,859.

Prior to the buyback program, Norsk Hydro ASA owned 14,082,505 of its own shares. Following the recent transactions, the company now owns a total of 15,984,594 shares, which corresponds to 0.80% of its share capital. This information is being disclosed in compliance with EU Market Abuse Regulation and Norwegian Securities Trading Act requirements.

Positive

• Execution of share buyback program demonstrates confidence in company's value
• Increase in treasury shares from 14,082,505 to 15,984,594
• Company now owns 0.80% of its own share capital, potentially increasing shareholder value

Negative

• Significant cash outlay of NOK 114,919,859 for share repurchases

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)
18/09/2024	208 700	60.54	12 635 470
19/09/2024	119 300	63.09	7 527 031
20/09/2024	240 500	62.15	14 947 700
23/09/2024	240 000	61.81	14 835 072
24/09/2024	55 000	65.47	3 600 977
Previous Transactions	1 038 589
Accumulated to date	1 902 089	60.42	114 919 859

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 15 984 594 shares, corresponding to 0.80% 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

• 240924_Norsk Hydro_Share Buyback Tracker

FAQ

When did Norsk Hydro ASA (NHYDY) announce its current share buyback program?

Norsk Hydro ASA announced its current share buyback program on September 11, 2024.

What is the end date of Norsk Hydro's (NHYDY) current share buyback program?

The current share buyback program for Norsk Hydro ASA is set to end on February 28, 2025.

How many shares has Norsk Hydro (NHYDY) repurchased under the current program as of September 24, 2024?

As of September 24, 2024, Norsk Hydro ASA has repurchased a total of 1,902,089 shares under the current buyback program.

What percentage of its own shares does Norsk Hydro (NHYDY) now own after the recent buybacks?

After the recent buybacks, Norsk Hydro ASA owns a total of 15,984,594 shares, corresponding to 0.80% of its share capital.