Oslo, 13 February 2026

With reference to the announcement 13 February 07:00, Elkem clarifies certain
aspects of the NOK 1 500 million underwritten equity issue.

The NOK 1 500 million underwritten equity issue will be conducted through a
publicly announced bookbuilding process subject to market conditions and market
terms, with a minimum application amount and allocation criteria to be decided
by the Board. The Board will carefully consider the interests of all
shareholders in relation to the equity capital raise, including in respect
allocation of new shares. Elkem will subsequently conduct a repair offering
providing shareholders the possibility to subscribe for new shares in the
Company at the same subscription price.

This is the only equity issue that is contemplated in relation to the
announcement made earlier today.

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