Elkem

Transaction in Own Shares • Sep 14, 2022

Elkem ASA - Buyback of shares - programme completed

Elkem ASA - Buyback of shares - programme completed

Oslo, 14 September 2022

Please see below information about transactions made under the share buyback

programme for Elkem ASA.

· Date on which the buyback programme was announced: 21 July 2022

· Date on which the buyback programme was completed: 14 September 2022

· Size of the buyback programme: Up to 5,000,000 shares

From 10 September 2022 until 14 September 2022, Elkem ASA has purchased a total

of 375,000 own shares at the Oslo Stock Exchange at an average price of NOK

39.7061 per share.

Aggregated overview of transactions per day:

Date Aggregated Weighted average Total

volume(number of share price (NOK) transaction

shares) value (NOK)

12 September  125,000 39.1958 4,899,475.00

2022

13 September 125,000 40.1669 5,020,862.50

2022

14 September  125,000  36.3018  4,537,725.00

2022

Previously 4,625,000 38.3592

disclosed 177,411,073.75

buybacks

under the

programme

(accumulated)

Total buybacks 5,000,000 38.4602

under the 192,300,848.75

programme

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

6,090,058 own shares, corresponding to 0.95% 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 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