Elkem ASA - Contemplated private placement of up to approx. 56.5 million new shares Elkem" or "the New Shares") (the " Private Placement"). The net proceeds from the issuance of the New Shares in the Private Placement will be used to further strengthen the capacity to invest in growth initiatives to capture attractive silicones opportunities in line with Elkem's strategy, including the announced expansion project in Xinghou, as well as for general corporate purposes. The Company has retained ABG Sundal Collier ASA (" ABG") and Morgan Stanley & Co. International plc as joint bookrunners in connection with the Private Placement (jointly the " Managers"). The Private Placement will be directed towards Norwegian and international investors, subject to applicable exemptions from relevant registration, filing and prospectus requirements, and subject to other applicable selling restrictions. The minimum application and allocation amount have been set to the NOK equivalent of EUR 100,000. The Company may however, at its sole discretion, allocate New Shares for amounts below EUR 100,000 to the extent exemptions from the prospectus requirements in accordance with applicable regulations, including the Norwegian Securities Trading Act and ancillary regulations, are available.