Elkem

Elkem ASA - Sale of shares under share incentive programme

Oslo, 2 September 2021

Reference is made to the stock exchange release on 31 August 2021, regarding

exercise of share options under Elkem ASA's ("Elkem" or the "Company", OSE

ticker code: "ELK") share incentive programme.

Pursuant to the sales process conducted by a third party these primary insiders

have sold the following number of option shares at a price of NOK 37.7668 per

· Morten Viga (CFO), sold 103,092 shares at a price of 37.7668 per share,

following which he holds 996,908 options and 46,896 shares in the Company

· Frédéric Jacquin (SVP Silicones), sold 68,728 shares at a price of 37.7668

per share, following which he holds 1,031,272 options and 6,551 shares in the

Company

· Asbjørn Søvik (SVP Business Development), sold 68,728 shares at a price of

37.7668 per share, following which he holds 1,031,272 options and 10,000 shares

in the Company

· Katja Lehland (SVP HR), sold 137,456 shares at a price of 37.7668 per share,

following which she holds 962,544 options and 0 shares in the Company

· Louis Vovelle (SVP Innovation and R&D), sold 137,456 shares at a price of

37.7668 per share, following which he holds 962,544 options and 6,896 shares in

the Company

· Luiz Simao (SVP Carbon Solutions), sold 75,600 shares at a price of 37.7668

per share, following which he holds 764,400 options and 10,000 shares in the

Company

Further details of the primary insider transactions pursuant to the market abuse

regulation article 19 are attached.

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 one of the world's leading providers of advanced material solutions

shaping a better and more sustainable future. The company develops silicones,

silicon products and carbon solutions by combining natural raw materials,

renewable energy and human ingenuity. Elkem helps its customers create and

improve essential innovations like electric mobility, digital communications,

health and personal care as well as smarter and more sustainable cities. With a

strong track record since 1904, its global team of more than 6,800 people has a

joint commitment to stakeholders: Delivering your potential. In 2020, Elkem was

rated among the world's top 5% on climate and achieved an operating income of

NOK 24.7 billion. Elkem is listed on the Oslo Stock Exchange (ticker: ELK).

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