Nomination Committee Proposes Yara Board

Nomination Committee Proposes Yara Board 


OSLO, Norway, Jan. 9  /PRNewswire-FirstCall/ -- Norsk Hydro ASA will arrange an
Extraordinary General Meeting on 15 January 2004. On the agenda is the demerger
of Norsk Hydro ASA, where Hydro's Board proposes that the business area Agri is
established as a separately listed company named Yara International ASA.

Yara will not have a corporate assembly, and the shareholders' representatives
in the board of directors will therefore be appointed directly by the General
Meeting. The board of Yara will consist of eight members, of whom five will be
elected by the shareholders, and three will be elected by and among the
employees. Hydro's Nomination Committee proposes the following persons to be
appointed as shareholders' representatives in the Yara board:

Oivind Lund (58 years), chairperson: Ph.D (Dr.ing.) and business graduate,
President and Country Manager ABB Holding A.S., Turkey. Former President and CEO
of ABB A.S. Norway. Lone Fonss Schroder (42 years): Lawyer and Master of
Economics. Danish. Has previously held Senior Management and Board positions in
A.P.Moller-Maersk A/S. Board member of i.a. Aker-Kvaerner ASA and Leif Hoegh &
Co.

Jorgen-Ole Haslestad (52 years): Master of Science Mechanical Engineering.
Managing Director of Siemens Industrial Solutions and Services Group, Siemens
AG, Germany.

Ase Aulie Michelet (51 years): Cand.Pharm., Executive Vice President of Amersham
Health, various board positions in Norway.

Leiv L. Nergaard (59 years): Master of Science in Finance (sivilokonom). Former
Executive Vice President, now Senior Advisor in Norsk Hydro. Chairman of
Storebrand ASA and Rieber & Son ASA, various board positions in Norway.

The following persons are proposed as members of the Nomination Committee of
Yara International ASA:

  * Olav Hytta, chairman of DnB NOR
  * Bjorg Ven, partner in Haavind Vislie (law firm)
  * Eva Lystad, marketing director, EDB Business Partner ASA
  * Reier Soberg, Director General, Ministry of Trade and Industry


DATASOURCE: Norsk Hydro ASA



CONTACT:  Arne Cartridge, [phone], or cell, [phone],

, or Tor Steinum, [phone], or cell,

[phone], , both of Norsk Hydro ASA

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