Elkem

Transaction in Own Shares • Aug 20, 2021

Elkem ASA - Buyback of shares

Elkem ASA - Buyback of shares

Oslo, 20 August 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 26 September 2021

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

From 14 August 2021 until 20 August 2021, Elkem ASA has purchased a total of

1,575,000 own shares at the Oslo Stock Exchange at an average price of NOK

33.9928 per share. Aggregated overview of transactions per day:

Date Aggregated Weighted average Total

volume(number of share price (NOK) transaction

shares) value (NOK)

16 August 2021 325,000 34.3241 11,155,332.50

17 August 2021 325,000 34.1113 11,086,172.50

18 August 2021 325,000 34.0728 11,073,660.00

19 August 2021 300,000 33.7540 10,126,200,00

20 August 2021 300,000 33.6577 10,097.310.00

Previously 6,168,671 33.1803 204,678,365.61

disclosed

buybacks

under the

programme

(accumulated)

Total buybacks 7,743,671 33.3456 258,217,040.61

under the

programme

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

8,281,171 own shares, corresponding to 1.30% 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