Elkem

Elkem ASA - Successful placement of bond

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED

STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE

UNLAWFUL

Elkem ASA - Successful placement of bond

Oslo, 27 November 2018

Elkem has today successfully issued a senior unsecured bond loan of NOK 1,750

million. The bond loan is a 3 year floating rate loan with a coupon of 3m

Nibor+1.25 % p.a.

The net proceeds from the Bond Issue shall be used for general corporate

purposes. An application will be made for the bond to be listed at Oslo Børs.

Nordea and DNB have acted as Joint Lead Managers for the bond issue.

For further information, please contact:

Odd-Geir Lyngstad, Head of 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. Headquartered in Oslo, the company's

27 production sites and extensive network of sales offices and agents around the

world ensure proximity to customers and access to attractive end markets.

Elkem's over 6,000 skilled employees and significant R&D activities provide a

solid basis for further technology-driven growth and optimisation.

This announcement may not be distributed or sent into the United States or any

other jurisdiction in which such distribution would be unlawful or would require

registration or other measures. This announcement is not an offer for sale of

securities in the United States or any other country. The securities referred to

herein have not been registered under the U.S. Securities Act of 1933, as

amended (the "U.S. Securities Act"), and may not be sold in the United States

absent registration or pursuant to an exemption from registration under the U.S.

Securities Act. Elkem does not intend to register any portion of the offering of

the securities in the United States or to conduct a public offering of the

securities in the United States.

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