Elkem

Elkem ASA - Merger with Salten Energigjenvinning AS

Oslo, 18 July 2022

The boards of directors of Elkem ASA ("Elkem") and its wholly owned subsidiary

Salten Energigjenvinning AS have today entered into a merger plan for the merger

of Salten Energigjenvinning AS into Elkem. By the merger, Elkem will acquire all

assets and rights and assume all obligations of Salten Energigjenvinning AS, and

at the same time Salten Energigjenvinning AS will be dissolved as a legal

entity.

This information is subject of 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

Fredrik Norman

VP Corporate Communications & Public Affairs

Tel: +47 918 66 567

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 7,000 people has a

joint commitment to stakeholders: Delivering your potential. In 2022, Elkem

obtained a Platinum score from EcoVadis, which rated the company among the

world's top 1% on sustainability transparency, and the company achieved an

operating income of NOK 33.7 billion. Elkem is listed on the Oslo Stock Exchange

(ticker: ELK). www.elkem.com

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