As of today the American Depositary Receipts (ADRs) of the Norwegian
aluminium and energy company Norsk Hydro ASA will be trading on the
OTCQX International in the U.S. As an OTCQX-listed company, Hydro
will belong to the highest segment of the over-the-counter market,
and can benefit from increased visibility across the U.S. investor
community and association with some of the most reputable companies
traded in the over-the-counter marketplace.
Hydro's ADRs will trade in the United States on OTCQX under the
ticker "NHYDY" where each ADR will represent one ordinary share.
Since Hydro delisted from the New York Stock Exchange in November
2007, the ADRs have been traded over-the-counter on Pink Sheets.
Hydro's shares are primary listed on the Oslo Stock Exchange in
addition to a secondary listing on the London Stock Exchange.
About OTCQX
OTCQX provides a gateway to U.S. securities markets for international
companies that are listed on a qualified non-U.S. exchange and
provide ongoing disclosure in English to U.S. investors. More
importantly, OTCQX distinguishes the reputable international issuers
from the 8,000 over-the-counter (OTC) securities traded in the U.S.
Only leading companies that have substantial operating businesses and
provide credible disclosure to the public are eligible for inclusion
on the premium-tier OTCQX, which commenced trading on March 5, 2007.
For more about OTCQX, visit www.otcqx.com.
Investor contact
Contact Stian Hasle
Telephone +47 22532520
Cellular +47 97736022
E-mail Stian.Hasle@hydro.com
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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 announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.