Elkem

Transaction in Own Shares • Mar 23, 2021

Elkem ASA - Buyback of shares

Elkem ASA - Buyback of shares

Oslo, 23 March 2021

Please see below information about transactions made under the share buyback

programme for Elkem ASA.

Date on which the buyback programme was announced: 16 March 2021

The duration of the buyback programme: 16 March 2021 to 26 March 2021

Size of the buyback programme: Up to 1,000,000 shares

From 16 March 2021 until 23 March 2021, Elkem ASA has purchased a total of

660,000 own shares at the Oslo Stock Exchange at an average price of NOK 36.3246

per share.

Aggregated overview of transactions per day:

Date Aggregated Weighted average Total

volume(number of share price (NOK) transaction

shares) value (NOK)

16 March 2021 110,000 35.1695 3,868,645.00

17 March 2021 110,000 36.1018 3,971,198.00

18 March 2021 110,000 37.0673 4,077,403.00

19 March 2021 110,000 37.0141 4,071,551.00

22 March 2021 110,000 36.9461 4,064,071.00

23 March 2021 110,000 35.6485 3,921,335.00

Previously 0 0 0

disclosed

buybacks

under the

programme

(accumulated)

Total buybacks 660,000 36.3246 23,974,203.00

under the

programme

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

660,000 own shares, corresponding to 0.11% 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

Founded in 1904, Elkem is one of the world's leading suppliers of silicon-based

advanced materials with operations throughout the value chain from quartz to

specialty silicones, as well as attractive market positions in specialty

ferrosilicon alloys and carbon materials. Elkem is a publicly listed company on

the Oslo Stock Exchange (ticker code: ELK) and is headquartered in Oslo. The

Company has more than 6,800 employees with 29 production sites and an extensive

network of sales offices worldwide. In 2020 Elkem had total operating income of

NOK 24.7 billion. Further information is available on www.elkem.com.