Investor Presentaiton

Shaping the market for greener aluminium Joining the First Movers Coalition (FMC) United Nations Clete Change COP28UAE Un Joining forces with Volvo Group First Movers Coalition The First Suppliers Hub is a global repository of innovative final products and value chain suppliers. It draws forward the emerging technologies needed to decarbonize the world by 2050. 80+ Projects from 40+ Suppliers Carbon Dioxide Removal dimeworks Eion CHARM drax PACIFIC BIOCHAR Cement/Concrete Sublime Systems CARBONBUILT CemVision BRIMSTONE CEMEX ecoom Saferock chement HOLCIM FORTERA Aluminum Aluminum cba Hydra Trucks KEE Avi G Synthelon Azzera AMPAIRE CO 25 cba Hydro JA VERNE AIR COMPANY -twelve AMOGY Hydro and Volvo Group will work together to accelerate net-zero transportation through establishment of roadmap towards 2030, enabling greater use of low-carbon aluminium Joining the Hydro has qualified as a supplier of REDUXA 3.0 — Hydro as one of two FMC's new "green" supplier database suppliers of products below 3.0 tonne CO2e per tonne Al in the world Greener product capability from total aluminium portfolio¹) Million tonnes capacity potential 4 3 Tonnes CO₂e per tonne Al. in product High-potential -pending capital allocation Hydro CIRCAL <2.3t/t product potential <2t/t 2 <3t/t <4t/t Hydro REDUXA 1 Renewable based primary product potential 0 Non-renewable based primary 2023 2024 2025 2026 2027 2028 2029 2030 3-4 mill mt recycled aluminium 1) Based on 2030 EU ETS cost and relative CO2 reduction vs Hydro REDUXA 4.0 at current industry traded upcharge. Hydro REDUXA and CIRCAL potential based on estimated certification capacity. Primary capacity based on equity share renewable power. Hydro CIRCAL products have post-consumer scrap content > 75% 2 mill mt primary aluminium 13

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