Oslo, 13 February 2025

Option holders under Elkem ASA's ("Elkem" or the "Company", OSE ticker code:
"ELK") share incentive programme have today exercised 50,000 options at an
exercise price of NOK 19.10 per share. The exercised options will be settled by
delivery of Elkem's shareholding of own shares. Following the transfer, the
Company will hold 5,221,900 own shares.

The exercised options have been granted in accordance with the Company's share
option programme described in the Company's latest annual financial statement.

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 and 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
7,200 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