Elkem

Director's Dealing • Apr 29, 2021

Elkem ASA – Sale of shares under share incentive programme

Oslo, 29 April 2021

Reference is made to the stock exchange notice on 28 April 2021, 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 their option shares at a price of NOK 31.3401 per share:

• Asbjørn Søvik (SVP Strategy), sold 100,000 shares at a price of NOK 31.3401.per share following which he holds 800,000 options and 10,000 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 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