Oslo, Norway - 26 December 2025 - Reference is made to the stock exchange
release published 24 December 2025 reporting a fatality caused by the explosion
on 22 December at a pilot workshop at the Elkem ASA's Silicones site in Saint
-Fons, France. Today, a second employee lost his life as a result of the
accident.

 "On behalf of Elkem's management and all our colleagues, I wish to extend our
heartfelt condolences to the families and loved ones of our colleagues who lost
their lives. Our company is in shock at the loss of two valued colleagues. We
are fully committed to supporting our employees and their families in every way
possible during this terrible time," said Elkem CEO Helge Aasen.

Two employees remain hospitalised following the accident. Elkem's management is
working closely with local authorities to coordinate the handling of the
accident. Psychological support services are being provided to all employees
affected. Elkem has temporarily shut down operations at both the North and South
sites in Saint-Fons on 22 December, 1.5 days ahead of year-end closure that was
scheduled to last until 5 January 2026.

An internal investigation by Elkem and external investigations by the local
authorities in France have been initiated.

For further information, please contact:
Marianne Stigset, VP Corporate Communications & Public Affairs
Email: marianne.stigset@elkem.com
Tel: +47 411 88 482

Guillaume Artois, Elkem Silicones Atlantic External Relations Director
Email: guillaume.artois@elkem.com
Tel:+ +33 603 420 757

Odd-Geir Lyngstad, VP Finance & Investor Relations
Email: odd-geir.lyngstad@elkem.com
Tel: +47 976 72 806

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
200 people has a joint commitment to stakeholders: Delivering your potential. In
2024, Elkem achieved an operating income of NOK 33 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