About Hydro Hydro worldwide Europe Belgium Belgium Hydro has around 855 employees in Belgium. With extrusion plants in Raeren and Lichtervelde, recycling units in Ghlin and Lichtervelde, as well as aluminium building systems in Landen, we deliver a wide range of aluminium products worldwide. Revenue figure from Annual Report 2020. Hydro in Belgium 855 employees 6 locations 3425 revenue (MNOK) Brussels Hydro EU Affairs Office Ghlin Hydro Extrusions Ghlin Lichtervelde Hydro Extrusions Lichtervelde Raeren Hydro Extrusions Raeren For Hydro building system locations, please visit our brand websites About Hydro Key facts Hydro worldwide The Hydro Way Brand center Corporate governance Modern Slavery Transparency statement Website cookies Contact Contact Media contacts Investor Relations Contacts Customer service portal Follow us Instagram Facebook LinkedIn Twitter Flickr YouTube Shapes Suppliers Privacy policy Terms & conditions Accessibility Sitemap © 2021 Norsk Hydro ASA

Investors Debt investors Debt strategy Debt strategy To secure access to capital markets at attractive terms and remain financially solid, Hydro aims to maintain an investment grade credit rating from the leading agencies, Standard & Poor's (current rating BBB) and Moody's (current rating Baa3). Adjusted net cash (debt) is short- and long-term interest-bearing debt adjusted for Hydro's liquidity positions, and for liquidity positions regarded unavailable for servicing debt, pension obligation and other obligations which are considered debt-like in nature. As of January 1, 2021, the previous adjustment for indebtedness of Hydro’s equity accounted investment has been omitted from the definition to reflect the adjusted financial targets. Underlying EBITDA is defined as earnings before financial items, tax, depreciation, amortization, net of investment grants, plus or minus items excluded plus impairments. Terms Most of Hydro’s indebtedness is situated in the parent company, Norsk Hydro ASA. In general, the terms of each of the debt agreements and indentures governing the indebtedness have contained the following: Cross-default provisions Provisions restricting the pledging of assets to secure future borrowings without granting equivalent status to existing lenders No financial ratio covenants No provisions connected to Hydro’s credit rating or value of underlying assets No lender-right to demand repayment prior to scheduled maturity Updated: March 02, 2021 Recommended for you About Hydro Key facts Hydro worldwide The Hydro Way Brand center Corporate governance Modern Slavery Transparency statement Website cookies Contact Contact Media contacts Investor Relations Contacts Customer service portal Follow us Instagram Facebook LinkedIn Twitter Flickr YouTube Shapes Suppliers Privacy policy Terms & conditions Accessibility Sitemap © 2021 Norsk Hydro ASA