Elkem ASA - Approval of the intra-group merger with Elkem Testvirksomhet AS

30 Aug 2024 12:51 CEST

Oslo, 30 August 2024

Reference is made to Elkem ASA's ("Elkem") announcement on 28 June 2024
regarding the merger between Elkem and Elkem Testvirksomhet AS.

The board of directors of Elkem and Elkem Testvirksomhet AS have today approved
the merger. The decision to approve the merger will be registered with the
Norwegian Register of Business Enterprises and is scheduled to take place by the
end of 2024. The merger is expected to be implemented upon expiration of the
statutory six-week creditor notice period.

This information is subject to the disclosure requirements pursuant to section
4.2.4 of Oslo Rule Book II - Issuer Rules, cf. section 5-12 of the Norwegian
Securities Trading Act.

For further information, please contact:
Odd-Geir Lyngstad
VP Finance & 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:
Access the news on Oslo Bors NewsWeb site

626716_Elkem_ASA_Approval_of_the_intra_group_merger_with_Elkem_Testvirksomhet_AS.pdf