Elkem

Share Issue/Capital Change • Mar 10, 2023

Elkem ASA - Sale of shares under share incentive programme

Elkem ASA - Sale of shares under share incentive programme

Oslo, 10 March 2023

Reference is made to the previous stock exchange release on 10 March 2023,

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 37.2806 per

share:

· Morten Viga (CFO), sold 8,380 shares at a price of NOK 37.2806 per share,

following which he holds 400,000 options and 46,896 shares in the Company.

· Håvard Moe (SVP Technology), sold 100,000 shares at a price of NOK 37.2806

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

Company.

· Inge Grubben-Strømnes (SVP Silicon Products), sold 138,526 shares at a price

of NOK 37.2806 per share, following which he holds 400,000 options and 35,189

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 and Investor Relations

Tel: +47 976 72 806

Email: odd-geir.lyngstad@elkem.no

About Elkem

Elkem is one of the world's leading providers of advanced silicon-based

materials 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

7,300 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 45.9 billion. Elkem is listed on the Oslo

Stock Exchange (ticker: ELK). www.elkem.com