Hydro Annual Report 2011b

A2
APPENDIX
Terms and definitions
Appendix
Nomination Committee The nomination committee provided for in the Company's Articles of Association and operatingNomination
Com
under a charter established by the shareholders' representatives in the Corporate Assembly
OSE Oslo Stock Exchange
Terms and definitions
tonne, mt One metric tonne (approximately 1,000 kilograms or 2,205 pounds)
TWh ADRs American Terawatt hour Depositary (one billion Receipts, kilowatt evidencing hours) a specified number of ADSs
US ADSs GAAP American Generally Depositary accepted accounting Shares, each principles ADS representing in the United one States deposited ordinary share
VAW AluNorf Aluminium VAW Aluminium Norf GmbH AG
VPS Articles or VPS of Association System The articles Norwegian of association Central Securities of the Company, Depository, as amended Verdipapirsentralen and currently in effect
WTO Audit Committee The World audit Trade committee Organization of the Company's Board of Directors
Yara BAT "Best Yara International Available Techniques" ASA for pollution prevention and control
Code The U.S. Internal Revenue Code of 1986, as amended
APPENDIX
Appendix A1 A2
Company Norsk Hydro ASA, a Norwegian public company limited by shares, or Norsk Hydro ASA and its
Cautionary note in consolidated relation subsidiaries, to certain as the context forward-looking requires statements Cautionary
Certain statements included within this Annual Report contain forward-looking information, including, without limitation, Certain statemen
those
Compensation
relating to (a) forecasts,
The
projections
compensation
and estimates,
committee
including
of the Company's
about overall
Board
economic
of Directors
developments, (b) various those relating to (
expectations
Committee
about future developments in Hydro's markets, particularly prices, supply and demand and competition, (c) expectations abou
statements Consolidated of management's Financial The plans, consolidated objectives and financial strategies statements for Hydro, and such notes as included planned in expansions, the Company's integration annual of report acquired to statements of man
entities, Statements investments, financing shareholders or other projects, (d) targeted production volumes and costs, capacities or rates, start-up costs, entities, investme
cost reductions and profit objectives, (e) results of operations, (f) margins, (g) growth rates, (h) risk management, as well as (i) cost reductions an
statements Corporate preceded Assembly by "expected", The corporate "scheduled", assembly, "targeted", a body "planned", contemplated "proposed", by Norwegian "intended", companies' "will" law, or similar with responsibility, statements. statements preced
among other things, for the election of the members of the Company's Board of Directors and
Although we believe that the nomination expectations of reflected the external in such auditor forward-looking statements are reasonable, these forward-looking Although we beli
statements Corporate are Management based on a number The corporate of assumptions management and forecasts board established that, by their by nature, the Company's involve risk President and uncertainty. and Chief Various Executive statements are ba
factors Board could cause our actual Officer results to to assist differ him materially in discharging from those his responsibilities
projected in a forward-looking statement or affect the factors could caus
extent to which a particular projection is realized. Factors that could cause these differences include, but are not limited to: the extent to which a
global CRU supply and demand for CRU aluminium International and aluminium Limited products, including as a result of changes in the economic climate; global supply and
our
Disclosure
continued
Committee
ability to reposition
The disclosure
and restructure
committee
our
of
upstream
the Company,
and downstream
comprised
aluminium
of members
business;
of senior
changes
management,
in availability
which
our continued ab
and cost of energy and raw materials;
is responsible
our ability
for reviewing
to execute
financial
major
and
projects
related
and
information
successfully
before
integrate
it is
acquired
made public
businesses; our and cost of energ
credit ratings and continued ability to access financing and capital at a reasonable cost; rates of inflation and industrial credit ratings and
production; EEA changes in the relative European value Economic of currencies Area and the value of commodity contracts; trends in Hydro's key markets production; chan
and competition; and legislative, regulatory and political factors. For a description of factors that could cause our results to and competition;
EEA Agreement The European Economic Area Agreement
differ materially from those expressed or implied by such statements, please refer to the risk factors specified under "Risk review differ materially f
- EFTA Risk factors" earlier in this European Annual Report. Free Trade Association
- Risk factors" ear
EU European Union
No assurance can be given that such expectations will prove to have been correct. Hydro disclaims any obligation to update or No assurance can
revise HSE any forward-looking statements, Health, safety whether and environment as a result of new information, future events or otherwise.
revise any forward
Hydro Norsk Hydro ASA and its consolidated subsidiaries
Hydro Aluminium The aluminium business of Hydro, comprising the sub-segments Metals, Rolled Products, and
Extrusion and Automotive
kWh Kilowatt hour
LME London Metal Exchange
mm Millimeter
NOK Norwegian kroner
OSE
tonne, mt
TWh
US GAAP
VAW
VPS or VPS Syst
WTO
Yara
APPENDI
Terms and