Norsk Hydro ASA - Hydro is extending the subscription period for proposed acquisition of Alumetal S.A

Hydro is extending the subscription period to October 10, 2022, for the proposed acquisition of the Polish recycler Alumetal S.A.

On July 7, 2022, Hydro withdrew the merger control notification filed with the European Commission.

The merger control was withdrawn in order to provide additional information required by the European Commission to carry out its assessment of the transaction.

Hydro intends to submit a new merger control notification once it has provided the additional information. The subscription period has therefore been extended to October 10, 2022. The original subscription period was set to expire July 12, 2022.

Hydro announced a tender offer for 100 percent of the shares of the Polish recycler Alumetal S.A. on April 29, 2022. With the transaction, Hydro aims to strengthen its recycling position in Europe and widen its product offering in the low-carbon and scrap-based foundry alloy market.

Contact:

Line Haugetraa

Tel: +47 41406376

Email: line.haugetraa@hydro.com