(1) A catalyst for growth Presented by Thomas Knutzen May 18, 2009

(2) Primary aluminium smelter Enhanced economic growth and added value creation Building community capacity through skills development and job opportunities for all groups Generating increased tax revenues Infrastructure development Electrical power Transmission Harbor Industrial park - an opportunity to create industrial activity

(3) Long term stable employment 600 direct employees 170 will require university degrees Close to 400 skilled workers Direct services 300 – 350 jobs Maintenance, transportation and logistics, cleaning, catering and canteen services Multigenerational employment Investments ~ USD 3 billion 2 year construction – ~ 3,600 man- years Power development

(4) A resourceful aluminium company More than 100 years of innovation and industrial development 23,000 employees Operations in 40 countries Turnover 2008: NOK 88.6 billion (Euro 10.7 billion) Underlying EBIT 2008: NOK 6 billion (Euro 0.7 billion) Aluminium Metal Aluminium Products Energy

(5) Hydro in the aluminium value chain Bauxite/ alumina Energy Primary aluminium Semi fabrication Metal products Remelt Aluminium in products, recycling Primary aluminium production 65% equity in alumina Solid long-term coverage of power towards % hydro-power in Norway Solar energy 1.75 mill. mt/year 10 metal plants in 5 countries on 3 continents employees (2 900 in Norway) 2.9 mill. mt/year (primary+remelt +cold metal) Special alloys 1.6 mill. mt/year Operations in more than 30 countries employees (1 800 in Norway) ton remelt/year 11 remelters in 5 countries on 2 continents Equity Long-term power supply Cost position Technology Expertise in materials Technology Close to customers Innovation Expertise in materials Production figures are from 2008

(6) Site for 450,000 tons capacity: 1700 x 600 meters Norsk Hydro Aluminum Smelter Layout

(7) Aluminium products tpy Coke tpy Pitch tpy Alumina tpy Manning (direct and outsourced) Other materials tpy Emissions: Fluorides0.15 kg/t Al SO 2 25 kg/t Al Dust0,6 kg/t Al CO kg/t Al Anode Plant Potline tpy Casthouse Harbour Anodes tpy Aluminium Smelter Aluminium Smelter Flow chart – 450,000 tons per year Thermal Power 5,5 GJ/tAl Residues tpy Electrical Power 14,2 kWh/kg Al 6,4 TWh/year

(8) Roads Rail Harbor Water Sanitation National and local administration Vocational training R&D Graduate and post graduate education Housing Retail trade Taxes IS-IT Mech. engineering Laboratory Catering Maintenance Hot water Gas Industrial cleaning Compressed air Power supply Transmission Transportation Industrial bricklaying Aluminium Plant - Direct Local suppliers and services – Indirect Local and regional infrastructure and services – Induced Total value creation

(9) Norsk Hydro smelter Share infrastructure with local businesses and communities Services to outside companies: Port, sanitation, water treatment, industrial water, compressed air, laboratory, medical, security services, etc. Provide green energy – heat – to the local community Additional local value creation from induced activity Large smelter investment will demonstrate ability to attract foreign investors – a catalyst for growth

(10) Norsk Hydro Norsk Hydro involved in building communities since 1905 – demonstrating responsibility throughout the life cycle of our investment. Close cooperation with the local community is key to success Early involvement of local education and stakeholders in planning of relevant training for future employment - Building local communities

(11) Merging two perspectives Standard presentation (short) - June Development/ societal perspective E.g. Economic Growth/GDP Poverty Alleviation Education Social Stability Public Health Human Rights Governance Capacity Building Enterprise Development Environmental Sustainability Broader development contribution Business perspective Infrastructure Products and Services Jobs Skills and Training Procurement Taxes Corporate Governance Environmental Management Business activity Direct impacts Indirect impacts

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