Oslo, 1 June 2026

Reference is made to the stock exchange announcement made by Elkem ASA (the
"Company") on 15 May 2026 regarding the commencement on 18 May 2026 of the
subsequent offering of up to 11,111,111 new shares in the Company (the "Offer
Shares") at a subscription price of NOK 27 per Offer Share (the "Subsequent
Offering"). Further reference is made to the stock exchange announcement
published by the Company earlier today on 1 June 2026, regarding the final
result of the Subsequent Offering and the allocation of the Offer Shares.

Certain primary insiders have been allocated Offer Shares:

  · Helge Aasen, CEO, has subscribed for and been allocated 18,000 Offer Shares,
whereas 6,772 Offer Shares have been subscribed for and allocated by exercise of
6,772 subscription rights and 11,228 Offer Shares have been subscribed for and
allocated without exercise of subscription rights, following which he holds
86,406 shares in the Company.
  · Morten Viga, CFO, has subscribed for and been allocated 4,000 Offer Shares
by exercise of 4,000 subscription rights, following which he holds 50,896 shares
in the Company.
  · Håvard Moe, SVP Technology, has subscribed for and been allocated 990 Offer
Shares by exercise of 990 subscription rights, following which he holds 10,990
shares in the Company.
  · Morten Magnus Voll, SVP Business Development & Strategy, has subscribed for
10,384 Offer Shares and been allocated 2,804 Offer Shares, whereas 1,028 Offer
Shares have been subscribed for and allocated by exercise of 1,028 subscription
rights and 1,776 Offer Shares have been subscribed for and allocated without
exercise of subscription rights, following which he holds 13,188 shares in the
Company.
  · Inge Grubben-Strømnes, SVP Foundry Alloys, has subscribed for and been
allocated 3,483 Offer Shares by exercise of 3,483 subscription rights, following
which he holds 38,672 shares in the Company.

  · Luiz Simao, SVP Silicon, has subscribed for and been allocated 2,500 Offer
Shares, whereas 2,178 Offer Shares have been subscribed for and allocated by
exercise of 2,178 subscription rights and 322 Offer Shares have been subscribed
for and allocated without exercise of subscription rights, following which he
holds 24,500 shares in the Company.
  · Christian Must, board member, has subscribed for and been allocated 39,600
Offer Shares by exercise of 39,600 subscription rights, following which he holds
439,600 shares in the Company.
  · Richard Aa, board member, has subscribed for 4,000 Offer Shares and been
allocated 3,096 Offer Shares, whereas 1,135 Offer Shares have been subscribed
for and allocated by exercise of 1,135 subscription rights and 1,961 Offer
Shares have been subscribed for and allocated without exercise of subscription
rights, following which he holds 14,566 shares in the Company.
  · Marianne Færøyvik, board member, has subscribed for and been allocated 490
Offer Shares by exercise of 490 subscription rights, following which she holds
5,440 shares in the Company.

Please refer to the attached notifications of trade for further information.

This information is subject to the disclosure requirements pursuant to article
19 of the EU Market Abuse Regulation and 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 ASA
Elkem is a global metals and materials company established in 1904. The company
holds leading positions in silicon, ferrosilicon, foundry alloys and carbon
solutions, supplying materials essential to modern society - from critical
infrastructure and manufacturing to digitalisation, mobility and energy
solutions. Elkem produces its materials by combining natural raw materials,
renewable energy and advanced process technology, creating solutions that enable
a more sustainable future. The company employs around 3,000 people, operates in
more than 30 locations across Europe, Asia, the Americas and Africa, and is
headquartered in Oslo, Norway where it is listed on the Oslo Stock Exchange
(ELK). Driven by innovation. Powered by nature. Shaping the future.
and is\
headquartered in Oslo\, Norway where it is listed on the Oslo Stock Exchange\
(ELK). Driven by innovation. Powered by nature. Shaping the future.\