Elkem

Elkem ASA - Sale of shares under share incentive programme

Oslo, 11 February 2022

Reference is made to the stock exchange release on 10 February 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 these primary insiders

have sold the following number of option shares at a price of NOK 35.3286 per

· Inge Grubben-Strømnes (SVP Silicon Products), sold 50,000 shares at a price

of 35.3286 per share, following which he holds 850,000 options and 35,189 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 & 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 2021, Elkem was

rated among the world's leading companies on climate, with a roadmap towards net

zero emissions by 2050, and 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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