Elkem acquires further shares in Sapa

Elkem acquires further shares in Sapa Elkem ASA, through its wholly owned Swedish subsidiary Elkem Sweden AB ("Elkem Sweden"), has as of August 1, 2002, acquired a further 5,200 shares in Sapa AB ("Sapa"), amounting to a total of 0.01 percent of the voting rights and share capital. Elkem Sweden's current holding in Sapa is therefore 16,798,882 shares, amounting to 45.01 percent of the voting rights and share capital after full exercise of warrants and full conversion of convertible debentures (45.83 percent of the voting rights and share capital of Sapa). The highest price paid by Elkem Sweden in connection with the acquisition of Sapa shares is SEK 175 per share. Oslo, Norway, August 1, 2002 Elkem ASA For further information, please contact: Ole Enger Elkem ASA Telephone number: +47 22 45 01 82 Elkem Sweden AB SE-101 22 Stockholm Organisation number: 556601-6332 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/08/01/20020801BIT00180/wkr0001.doc http://www.waymaker.net/bitonline/2002/08/01/20020801BIT00180/wkr0002.pdf

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