Elkem

Four of Elkem's plants in Norway included in process industry strike

Oslo, 15 August 2022

Elkem's plants at Salten, Rana, Thamshavn and Fiskaa have been included in the

process industry strike in Norway starting on 15 August. Elkem is now working to

evaluate the operational impacts for each plant. Any impacts will also be

influenced by the duration of the strike.

The industry strike is a result of the parties not being able to come to an

agreement in the collective national negotiations between the Federation of

Norwegian Industries and the trade union Industri Energi, facilitated by the

State Conciliator of Norway. For any questions related to the negotiations,

please refer to the Federation of Norwegian Industries.

In total, 1422 members of Industri Energi across ten companies will go on

strike. This includes 169 workers at Elkem ASA Salten, 89 at Elkem ASA Rana, 131

at Elkem ASA Thamshavn and 46 at Elkem Carbon AS. Elkem's plants at Bremanger

and Bjølvefossen and the company's other activities in Norway are not included.

For further information, please contact:

Odd-Geir Lyngstad

VP Finance & Investor Relations

Tel: +47 976 72 806

Fredrik Norman

VP Corporate Communications & Public Affairs

Tel: +47 918 66 567

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).

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