Elkem

Elkem ASA - Successful placement of senior unsecured green NOK bonds

Oslo, 24 August 2023

Reference is made to the stock exchange notice dated 22 August 2023. Elkem ASA

has today successfully issued NOK 1,000 million of new senior unsecured green

bonds. NOK 650 million has been issued with a tenor of 5 years and a coupon of 3

month Nibor + 1.55 % per annum while NOK 350 million has been issued with a

tenor of 5 years and a fixed coupon of 5.75 % per annum. The transaction was

oversubscribed. Settlement will take place on 31 August 2023.

Danske Bank and DNB Markets have acted as Joint Lead Managers and Green Bond

Advisors for the bond issuance.

This information is subject of 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

7,300 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

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