Elkem - Capital/Financing Update 2026

Elkem ASA: Ex. right to participate in the contemplated subsequent offering today

Oslo, 7 May 2026

Reference is made to the stock exchange announcement made by Elkem ASA (the

"Company" or "Elkem") on 6 May 2026, regarding key information relating to a

contemplated subsequent offering of up to 11,111,111 new shares in the Company

raising gross proceeds of up to approximately NOK 300 million (the "Subsequent

Offering").

The shares in the Company will be traded exclusive of the right to participate

in the contemplated Subsequent Offering from and including today, 7 May 2026.

Ex. date: 7 May 2026

This information is published in accordance with the requirements of the

Continuing Obligations in Euronext Rule Book II.

For further information, please contact:

Odd-Geir Lyngstad

VP Finance & Investor Relations

Tel: +47 976 72 806

About Elkem ASA:

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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