Jan Reinas Elected as New Chairperson of the Board of Directors in Hydro OSLO, Norway, March 16 /PRNewswire-FirstCall/ -- The Corporate Assembly of Norsk Hydro ASA has elected Jan Reinas as new Chairperson of the Board of Directors. Reinas replacesEgil Myklebust, who has been member of Hydro's Board for 12 years, the last three years as Chairperson. Myklebust notified the Nomination Committee last November that he did not wish to be reelected at the end of his electoral period in the spring 2004. Jan Reinas (59) has been CEO of the paper group Norske Skog from 1994 to the end of 2003, and has previously also been CEO of Scandinavian Airlines. He is currently a member of the Board of the media group Schibsted ASA and Swiss International Air Lines. The Corporate Assembly also elected Terje Friestad (52) as member of the Board. Friestad is representing the employees, and is replacing Steinar Skarstein, who is leaving Hydro for Yara International ASA. Friestad has worked for Hydro since 1972. His current position is Senior Engineer at Hydro Aluminium, Karmoy. The changes will take effect on 25 March 2004. Hydro's Board will after this consist of: * Jan Reinas, Chairperson * Borger A. Lenth, Vice Chairperson * Terje Friestad (elected by employees) * Elisabeth Grieg * Hakan Mogren * Ingvild Myhre * Geir Nilsen (elected by employees) * Anne Cathrine Hoeg Rasmussen * Odd Semstrom (elected by employees) Contact Kristin Brobakke Telephone (+47 )22 53 2744 Cellular (+47) 91 84 06 81 E-mail Norsk Hydro ASA Bygdoy alle 2 N-0240 Oslo Norway Telephone: (+47) 22 53 81 00 Fax: (+47) 22 53 27 25 http://www.hydro.com/ DATASOURCE: Norsk Hydro CONTACT: Kristin Brobakke of Norsk Hydro ASA, +47-22-53-27-44, Cellular, +47-91-84-06-81, , or Norsk Hydro ASA, +47-22-53-81-00, fax, +47-22-53-27-25 Web site: http://www.hydro.com/

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