Vale has sold shares in Hydro

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Vale has sold shares in Hydro

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Hydro is a leading industrial company committed to a sustainable future. Our purpose is to create more viable societies by developing natural resources into products and solutions in innovative and efficient ways.

After the completion of the transaction, assuming no exercise of the over-allotment option, Vale has reduced its shareholding, through its wholly-owned subsidiary, from 447,834,465 shares to 40,712,224 shares, thereby reducing its ownership share in Hydro from 21.6% to 2.0% of the shares authorized and issued, thus reducing its shareholding in Hydro below the 5% threshold set out in the Norwegian Securities Trading Act, Section 4-2.

If the over-allotment option is exercised in full, Vale will not hold any shares in Hydro.

The shares sold from Vale have been purchased by several investors.

Published: November 12, 2013

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