Elkem ASA - Exercise of share options under share incentive programme

15 Jul 2024 11:25 CEST

Oslo, 15 July 2024

Option holders under Elkem ASA's ("Elkem" or the "Company", OSE ticker code:
"ELK") share incentive programme have today exercised a total of 179,190
options, at an exercise price of NOK 19.10 per share. The exercised options will
be settled by delivery of Elkem's shareholding of own shares. Following the
transfer, the Company will hold 5,271,900 own shares.

The primary insider listed below has transferred his rights to receive the new
shares to a third party in return for a net sales proceed which will be finally
determined on the basis of the market price subsequently obtained by the third
party.

The results of the sales process will be announced in a separate stock exchange
notice.

· Morten Magnus Voll (SVP Strategy and Business Development), exercised 25,000
options at an exercise price of NOK 19.10 per share, following which he holds
175,000 options and 10,384 shares in the Company.

All the exercised options have been granted in accordance with the Company's
share option programme described in the Company's latest annual financial
statement.

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.com

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
7,400 people has a joint commitment to stakeholders: Delivering your potential.
In 2023, Elkem achieved an operating income of NOK 35.5 billion and CDP ratings
of A on Forests, and A- on Climate Change and Water Security. Elkem is listed on
the Oslo Stock Exchange (ticker: ELK), where the company is also included in the
ESG Index. www.elkem.com

More information:
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623654_KRT_1500_Morten_Magnus_Voll_15072024.pdf
623654_Elkem_ASA_Exercise_of_share_options_under_share_incentive_programme_15_July_2024.pdf