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ADR

In the United States the shares are traded on OTCQX International, the premium over-the-counter market tier, in the form of American Depositary Receipts evidencing American Depositary Shares, which carry the same shareholder rights as ordinary shares. One ADR represents one ordinary Hydro share. Hydro’s ADSs were listed on the New York Stock Exchange (NYSE) between 25 June 1986 and 22 November 2007.

ADR information

Exchange Over the counter (OTCQX)
Ticker NHYDY
Cusip 656531605
Sedol 2642819
Ratio (A:O) 1:1
Depositary JPMorgan
Custodian DnB NOR Bank ASA

All questions regarding ADR holdings such as notification to change of address, cancelling or transferring ADR certificates, problems relating to lost, destroyed or stolen receipts or to give dividend payment instructions please contact JPMorgan.

Contact information US depository bank: JPMorgan Chase Bank

By phone:
Toll-free US & Canada     800-990-1135
Outside US                     651-453-2128
Hearing                          866-700-1652

Automated IVR system available 24 hours/7 days a week.
Repesentatives are available 9:00 am to 7:00 pm EST weekdays.

By internet:
Visit http://www.adr.com/ and go to the Investor Services page.

By mail for regular correspondence:
JPMorgan Chase Bank, N.A.
PO Box 64504
St. Paul, MN 55164-0504

Updated: August 15, 2007
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