Elkem - Share Issue/Capital Change 2021

Elkem ASA - PDMR notification in connection with Private Placement (with attchement)

Oslo, 27 April 2021.

Reference is made to the stock exchange announcement on 26 April 2021 the

regarding successful completion of the private placement of 56,456,034 new

shares (the "New Shares") in Elkem ASA (the "Company") (the "Private

Placement").

In order to facilitate for settlement on a delivery versus payment basis in the

Private Placement, a share lending agreement has been entered into by ABG Sundal

Collier ASA, Bluestar Elkem International Co. Ltd. S.A and the Company. Pursuant

to that agreement, Bluestar Elkem International Co. Ltd. S.A has agreed to lend

56,456,034 shares in the Company to ABG Sundal Collier ASA. Bluestar Elkem

International Co. Ltd. S.A is a close associate of the chairman of the board of

directors of the Company.

This information is subject to the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.

Please see the attached form for further information.

For further information, please contact:

Odd-Geir Lyngstad, VP Finance & Investor Relations

Tel: +47 976 72 806

Fredrik Norman, VP Corporate Communication and 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. Elkem 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, Elkem's global team of 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). www.elkem.com

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