Elkem — M&A Activity 2019

Sep 30, 2019

Elkem ASA - Basel Chemie acquisition closed

Elkem ASA - Basel Chemie acquisition closed

Oslo, 30 September 2019: Elkem ASA has now closed the announced acquisition of

Basel Chemie with effect from 30 September 2019.

Reference is made to stock exchange release dated 16 August 2019. Elkem has now

concluded the acquisition of Basel Chemie, a Korean producer of specialty

silicone gels for cosmetics and water repellents for the construction industry.

The acquisition gives Elkem access to leading technology in attractive end-user

silicone segments and provides a solid platform for further development and

growth.

All regulatory approvals for the acquisition have been concluded and the

settlement of the transaction took place 30 September 2019. Basel Chemie will be

consolidated into Elkem's financial statement with effect from 30 September

For further information:

Odd-Geir Lyngstad

VP Finance and Investor Relations

Tel: +47 976 72 806

Email: odd-geir.lyngstad@elkem.no

About Elkem ASA

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, and is headquartered in Oslo. The company has 6200

employees with 27 production sites and sales offices in a total of 28 countries

worldwide. In 2018 Elkem had revenues of 25.9 billion NOK. To learn more, please

visit www.elkem.com