Last Trading Day Inclusive Right to Shares in Yara in Connection With the Demerger

Last Trading Day Inclusive Right to Shares in Yara in Connection With the
Demerger 


OSLO, Norway, March 24  /PRNewswire-FirstCall/ -- Assuming the successful
consummation of the demerger later today, Wednesday 24 March 2004 is the last
day the shares of Norsk Hydro ASA will be trading inclusive right to shares in
Yara International ASA.

Each shareholder owning shares in Norsk Hydro ASA at the close of the trading
day on 24 March 2004 will receive the same number of shares in Yara
International ASA.The shares in Yara International ASA will be listed on Oslo
Stock Exchange on 25 March 2005, and the shares in Yara International ASA
received in connection with the demerger will be tradeable from this date.

The shares in Norsk Hydro ASA will be trading exclusive right to shares in Yara
International ASA from 25 March 2004.

The Norsk Hydro ASA's ADRs, which are traded on the NYSE, will be trading
exclusive the right to shares in Yara International ASA from 1 April 2004.

In connection with the demerger, the share capital of Norsk Hydro ASA will be
reduced by NOK 448,722,527.60, from NOK 5,279,088,560 to NOK 4,830,366,032.40,
through a reduction in the nominal value of the shares in Norsk Hydro ASA from
NOK 20.00 to NOK 18.70.

The demerger will result in an increase in the share capital of Yara
International ASA by NOK 434,441,932.60, from NOK 108,610,470.40 to NOK
543,052,403, through an issue of 255,554,078 new shares in Yara International
ASA, each at nominal value of NOK 1.70.

   Contact Peik Norenberg            Kjetil Bakken
   Telephone [phone]         ([phone]
   Cellular  ([phone]         ([phone]
   E-mail      

DATASOURCE: Norsk Hydro ASA



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

, or Kjetil Bakken, [phone], cellular,

[phone], , both of Norsk Hydro 



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

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