Elkem

Transaction in Own Shares • Sep 3, 2021

Elkem ASA - Buyback of shares - programme completed

Elkem ASA - Buyback of shares - programme completed

Oslo, 3 September 2021

Please see below information about transactions made under the share buyback

programme for Elkem ASA.

· Date on which the buyback programme was announced: 20 July 2021

· The duration of the buyback programme: 20 July 2021 to 3 September 2021

· Size of the buyback programme: Up to 10,000,000 shares

From 28 August 2021 until 3 September 2021, Elkem ASA has purchased a total of

1,133,262 own shares at the Oslo Stock Exchange at an average price of NOK

37.7416 per share.

The buyback programme has now been completed.

Aggregated overview of transactions per day:

Date Aggregated Weighted average Total

volume(number of share price (NOK) transaction

shares) value (NOK)

30 August 2021 225,000 37.0989 8,347,252.50

31 August 2021 225,000 37.7336 8,490,060.00

1 September 225,000 37.6656 8,474,760.00

2021

2 September 225,000 38.0284 8,556,390.00

2021

3 September 233,262 38.1658 8,902,630.84

2021

Previously 8,866,738 33.5927 297,857,776.21

disclosed

buybacks

under the

programme

(accumulated)

Total buybacks 10,000,000 34.0629 340,628,869.55

under the

programme

Following the completion of the above transactions and taking into account the

sale of 2,329,984 shares under the option programme as announced on 31 August

2021, Elkem ASA owns a total of 8,207,516 own shares, corresponding to 1.28% 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.no

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 6,800 people has a

joint commitment to stakeholders: Delivering your potential. In 2020, Elkem was

rated among the world's top 5% on climate and achieved an operating income of

NOK 24.7 billion. Elkem is listed on the Oslo Stock Exchange (ticker: ELK).

www.elkem.com