OSLO, Norway, Feb. 7, 2003 (PRIMEZONE) -- The Norvegian Surpreme Court has, Feb 7, 2003, unanimously decided to accept Norsk Hydro ASA's (NYSE:NHY) taxable treatment of group contribution for the year 1993. Hydro will be reimbursed NOK 177 million in taxes and NOK 148 million in interest, which will be recorded in first quarter 2003 results.
Certain statements in this press release are or may constitute "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not in the nature of historical facts may be deemed to be forward-looking statements and may contain identifying words such as "believes," "anticipates," "plans," "expects" and similar expressions. These forward-looking statements are based on Hydro's current expectations, assumptions, estimates and projections about the company and the industries in which it engages in business. All forward-looking statements involve risks and uncertainties. For a detailed description of factors that could cause Hydro's actual results to differ materially from those expressed in or implied by such statements, please refer to its annual report on Form 20-F for the year-ended December 31, 2001 and subsequent filings on Form 6-K with the U.S. Securities and Exchange Commission.