Elkem ASA: Minutes from Extraordinary General Meeting

09 Mar 2026 10:45 CET

Oslo, 9 March 2026

Reference is made to the stock exchange announcements published by Elkem ASA
("Elkem" or the "Company") on 13 February 2026 regarding the entry into of an
agreement (the "Share Purchase Agreement") to sell the majority of its Silicones
division to Bluestar to be settled with all Elkem shares held by Bluestar Elkem
International Co. Ltd. S.A. (the "Contemplated Transaction"), and the notice of
the extraordinary general meeting of Elkem to be held on 9 March 2026 to, inter
alia, vote on the approval of the Share Purchase Agreement and to resolve the
redemption of Bluestar's shares.

The extraordinary general meeting of the Company was held today, 9 March 2026.
The general meeting, inter alia, resolved to approve the Share Purchase
Agreement and the redemption of Bluestar's shares. The complete minutes of the
extraordinary general meeting are attached to this announcement and are also
available on the Company's website.

The approval of the Share Purchase Agreement and the resolution to redeem
Bluestar's shares mark an important step towards completion of the Contemplated
Transaction, which is expected to take place in late April or early May 2026,
subject to the expiry of the creditor notice period and certain other customary
closing conditions.

This information is subject to the disclosure requirements pursuant to section 4
-3, 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
7,000 people has a joint commitment to stakeholders: Delivering your potential.
In 2025, Elkem achieved an operating income of NOK 31 billion. Elkem has been
awarded top score of A on Forests and Water Security, and B on Climate Change
from CDP.

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

667798_Elkem_ASA_minutes_from_the_extraordinary_general_meeting_9_March_2026.pdf