Elkem ASA - Appointment of interim chair of the board, and board approval of the refinancing

05 May 2026 17:00 CEST

Oslo, 5 May 2026

On 30 April 2026, the following shareholder-elected board members were elected
by the annual general meeting of Elkem ASA: Helge Aasen, Marianne E. Johnsen,
Christian Must, Astrid Margrethe Hilde and Richard Olav Aa. The election of
Helge Aasen as a board member is effective from the date of his retirement as
CEO of Elkem ASA. The board of directors has resolved that Marianne E. Johnsen
shall serve as interim chair of the board until the election of Helge Aasen
becomes effective.

Reference is made to the first quarter 2026 stock exchange announcement and
presentation material published on 30 April 2026, where Elkem announced that the
company has initiated a refinancing of the bank facilities, and that a
refinancing of EUR 1,000 million has been fully underwritten by relationship
banks. The agreement was subject to approval by the new Elkem board of
directors. The EUR 1,000 million refinancing, consisting of a Revolving Credit
Facility of EUR 400 million and a Term Loan of EUR 600 million, both with a
tenor of five years, has now been approved by the new board of directors.

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 & Investor Relations
Tel: +47 976 72 806
Email: odd-geir.lyngstad@elkem.com

About Elkem:
Elkem is a pure-play metals and materials company that has driven industrial
innovation for over 120 years. The company has globally leading positions in
silicon, foundry alloys and carbon products, supplying materials essential to
modern infrastructure, manufacturing, digitalisation and the energy transition.
Elkem employs over 3,000 people, operates in more than 30 locations, and is
headquartered in Oslo, where it is listed on the Oslo Stock Exchange (ELK).
www.elkem.com

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