Elkem - Board/Management Information 2026

Elkem ASA - Appointment of interim chair of the board, and board approval of the refinancing

Oslo, 5 May 2026

On 30 April 2026, the following shareholder-elected board members were elected

by the annual general meeting of Elkem ASA: Helge Aasen, Marianne E. Johnsen,

Christian Must, Astrid Margrethe Hilde and Richard Olav Aa. The election of

Helge Aasen as a board member is effective from the date of his retirement as

CEO of Elkem ASA. The board of directors has resolved that Marianne E. Johnsen

shall serve as interim chair of the board until the election of Helge Aasen

becomes effective.

Reference is made to the first quarter 2026 stock exchange announcement and

presentation material published on 30 April 2026, where Elkem announced that the

company has initiated a refinancing of the bank facilities, and that a

refinancing of EUR 1,000 million has been fully underwritten by relationship

banks. The agreement was subject to approval by the new Elkem board of

directors. The EUR 1,000 million refinancing, consisting of a Revolving Credit

Facility of EUR 400 million and a Term Loan of EUR 600 million, both with a

tenor of five years, has now been approved by the new board of directors.

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

About Elkem:

Elkem is a pure-play metals and materials company that has driven industrial

innovation for over 120 years. The company has globally leading positions in

silicon, foundry alloys and carbon products, supplying materials essential to

modern infrastructure, manufacturing, digitalisation and the energy transition.

Elkem employs over 3,000 people, operates in more than 30 locations, and is

headquartered in Oslo, where it is listed on the Oslo Stock Exchange (ELK).

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