Elkem

Transaction in Own Shares • Aug 18, 2023

Elkem ASA - Buyback of shares

Oslo, 18 August 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 14 August 2023 until 18 August 2023, Elkem ASA has purchased a total of 500,000 own shares at the Oslo Stock Exchange at an average price of NOK 23.7248 per share. Aggregated overview of transactions per day:

Date	Aggregated volume (number of shares)	Weighted average share price (NOK)	Total transaction value (NOK)
14 August 2023	100,000	24.5881	2,458,810.00
15 August 2023	100,000	24.0906	2,409,060.00
16 August 2023	98,285	23.8352	2,342,642.63
17 August 2023	101,565	23.3757	2,374,152.97
18 August 2023	100,150	22.7432	2,277,731.48
Previously disclosed buybacks under the programme (accumulated)	-	-	-
Total buybacks under the programme	500,000	23.7248	11,862,397.08

Following the completion of the above transactions, Elkem ASA owns a total of 4,101,090 own shares, corresponding to 0.64% 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