Elkem

Elkem ASA - Sale of shares under share incentive programme

Oslo, 25 November 2022

Reference is made to the previous stock exchange release on 25 November 2022,

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 Frédéric Jacquin (SVP

Strategy & Business Development), has sold 50,000 shares at a price of NOK

35.1577 per share, following which he holds 408,380 options and 81,551 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 material solutions

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 7,000 people has a

joint commitment to stakeholders: Delivering your potential. In 2022, Elkem

obtained a Platinum score from EcoVadis, which rated the company among the

world's top 1% on sustainability transparency, and the company achieved an

operating income of NOK 33.7 billion. Elkem is listed on the Oslo Stock Exchange

(ticker: ELK). www.elkem.com

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