Elkem

Elkem ASA - Sale of shares under share incentive programme

Oslo, 16 July 2024

Reference is made to the previous stock exchange release on 15 July 2024,

regarding exercise of share options under Elkem ASA's ("Elkem" or the "Company",

OSE ticker code: "ELK") share incentive programme.

Pursuant to the sales process conducted by a third party this primary insider

has sold the following number of option shares at a price of NOK 22.8001 per

· Morten Magnus Voll (SVP Strategy and Business Development), sold 25,000

shares at a price of NOK 22.8001 per share, following which he holds 175,000

options and 10,384 shares in the Company.

Further details of the primary insider transactions pursuant to the market abuse

regulation article 19 are attached.

This information is subject to the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.

For further information, please contact:

Odd-Geir Lyngstad

VP Finance and Investor Relations

Tel: +47 976 72 806

About Elkem

Elkem is one of the world's leading providers of advanced silicon-based

materials shaping a better and more sustainable future. The company develops

silicones, silicon products and carbon solutions by combining natural raw

materials, renewable energy and human ingenuity. Elkem helps its customers

create and improve essential innovations like electric mobility, digital

communications, health and personal care as well as smarter and more sustainable

cities. With a strong track record since 1904, its global team of more than

7,400 people has a joint commitment to stakeholders: Delivering your potential.

In 2023, Elkem achieved an operating income of NOK 35.5 billion and CDP ratings

of A on Forests, and A- on Climate Change and Water Security. Elkem is listed on

the Oslo Stock Exchange (ticker: ELK), where the company is also included in the

ESG Index. www.elkem.com

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