Elkem

Transaction in Own Shares • Sep 8, 2023

Elkem ASA - Buyback of shares - programme completed

Elkem ASA - Buyback of shares - programme completed

Oslo, 8 September 2023

Please see below information about transactions made under the share buyback

programme for Elkem ASA.

· Date on which the buyback programme was announced: 14 August 2023

· The duration of the buyback programme: 14 August 2023 to 8 September 2023

· Size of the buyback programme: Up to 2,000,000 shares

From 2 September 2023 until 8 September 2023, Elkem ASA has purchased a total of

500,000 own shares at the Oslo Stock Exchange at an average price of NOK 21.9774

per share. Aggregated overview of transactions per day:

Date Aggregated Weighted average Total

volume(number of share price (NOK) transaction

shares) value (NOK)

4 September  100,000  22.6368  2,263,680.00

2023

5 September  100,000  21.9899  2,198,990.00

2023

6 September 100,000  21.9847  2,198,470.00

2023

7 September  100,000  21.7837  2,178,370.00

2023

8 September  100,000 21.4918 2,149,180.00

2023

Previously 1,500,000 22.4747 33,712,067.08

disclosed

buybacks

under the

programme

(accumulated)

Total buybacks 2,000,000 22.3504 44,700,757.08

under the

programme

Following the completion of the above transactions, Elkem ASA owns a total of

5,551,090 own shares, corresponding to 0.87% of Elkem ASA's share capital.

This is information that Elkem ASA is obliged to make public pursuant to the EU

Market Abuse Regulation and subject to the disclosure requirements pursuant to

Section 5-12 the Norwegian Securities Trading Act.

Appendix: A detailed overview of all transactions made under the buyback

programme that have been carried out during the above-mentioned time period is

attached to this report and available at www.newsweb.no.

For further information, please contact:

Odd-Geir Lyngstad

VP Finance and Investor Relations

Tel: +47 976 72 806

Email: odd-geir.lyngstad@elkem.com

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

7,300 people has a joint commitment to stakeholders: Delivering your potential.

In 2022, Elkem achieved an operating income of NOK 45.9 billion and CDP ratings

of A- on climate and forest. Elkem is listed on the Oslo Stock Exchange (ticker:

ELK), where the company is also included in the ESG Index. www.elkem.com