Elkem ASA closes final terms on first sustainability-linked loan agreement

15 Dec 2022 14:00 CET

Oslo, 15 December 2022

Reference is made to the stock exchange announcement on 27 June 2022 regarding
the signing of a new credit facilities agreement of EUR 1,000,000,000 (the
"Facilities Agreement").

Elkem ASA ("Elkem" or the "Company") is pleased to announce that it has
successfully closed the final terms in the Facilities Agreement to include
sustainability performance targets and key performance indicators. The
sustainability targets are based on Elkem's strategy and social commitment with
performance targets linked to health and safety and reduction of the group's
product carbon footprint as outlined in Company's climate roadmap. The
performance targets will provide for adjustments up or down to the margin.

"We are very pleased to conclude our first sustainability linked loan agreement.
Elkem has a unique position as one of the world's leading companies in advanced
material solutions, and our mission is shaping a better and more sustainable
future. The standards we want to work by must reflect this, both in operational
activities and in financing. With our new strategy for dual-growth and green
leadership in place, it was natural for Elkem to link the margins on the
facilities to key sustainability goals," says Morten Viga, CFO of Elkem.

DNB Markets and ABN AMRO Bank N.V. acted as co-ordinators in connection with the
syndication of the Facilities Agreement. DNB Bank ASA have acted as the facility
agent, and ABN AMRO Bank N.V. have acted as the sustainability co-ordinator in
connection with the Facilities Agreement.

For further information, please contact:
Odd-Geir Lyngstad
VP Finance and Investor Relations
Tel: +47 976 72 806
Email: odd-geir.lyngstad@elkem.com

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 2021, 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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