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Elkem Share Issue/Capital Change 2021

Feb 15, 2021

3589_rns_2021-02-15_17f0c49e-6282-4b3a-a477-a270cf210836.pdf

Share Issue/Capital Change

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Elkem ASA – New share capital registered

Oslo, 15 February 2021

Reference is made to the stock exchange announcement on 11 February 2021 regarding the exercise of options under Elkem ASA's share incentive program for key employees.

The share capital increase pertaining to the issuance of shares has today been registered with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret). Elkem ASA's new share capital is NOK 2,914,926,720, comprising in total 582,985,344 shares, each with a nominal value of NOK 5.

For further information, please contact: Odd-Geir Lyngstad VP Finance and Investor Relations Tel: +47 976 72 806 Email: [email protected]

About Elkem

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 (ticker code: ELK) and is headquartered in Oslo. The Company has more than 6,800 employees with 31 production sites and an extensive network of sales offices worldwide. In 2020 Elkem had total operating income of NOK 24.7 billion. Further information is available on www.elkem.com.