Hydro's Corporate Assembly Recommends Agri Demerger

Hydro's Corporate Assembly Recommends Agri Demerger 


OSLO, Norway, Dec. 10  /PRNewswire-FirstCall/ -- The Corporate Assembly of Norsk
Hydro ASA met today to discuss the plan to establish Agri as a separate listed
company.

The Corporate Assembly of Norsk Hydro ASA today issued the following statement
to the Extraordinary General Meeting of Norsk Hydro ASA to be held on 15 January
2004:

   "The Board of Directors' proposed Demerger Plan dated 28 November 2003
   for the demerger in which Norsk Hydro ASA is the divesting company and
   AgriHold ASA the acquiring company has been submitted to the Corporate
   Assembly of Norsk Hydro ASA. The Demerger Plan and enclosure including
   the Information Memorandum were also forwarded to the Corporate Assembly.
   The Corporate Assembly recommends that The General Meeting of Norsk Hydro
   ASA approve the Board of Directors' proposed Demerger Plan."


DATASOURCE: Norsk Hydro ASA



CONTACT:  Peik Norenberg, [phone], or Cellular, [phone],

, or Tor Steinum, [phone], or Cellular,

[phone], , both for Norsk Hydro ASA



Web site:  http://www.hydro.com/ 

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