Elkem

Elkem ASA - New share capital registered

Oslo, 15 February 2021

Reference is made to the stock exchange announcement on 11 February 2021

regarding the exercise of options under Elkem ASA's share incentive program for

key employees.

The share capital increase pertaining to the issuance of shares has today been

registered with the Norwegian Register of Business Enterprises (Nw.

Foretaksregisteret). Elkem ASA's new share capital is NOK 2,914,926,720,

comprising in total 582,985,344 shares, each with a nominal value of NOK 5.

For further information, please contact:

Odd-Geir Lyngstad

VP Finance and Investor Relations

Tel: +47 976 72 806

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 31 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.

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