Elkem ASA - Disclosure of voting rights at the annual general meeting for the vice chair of the board of directors, Dag J. Opedal

Oslo, 22 April 2020

In connection with the annual general meeting of Elkem ASA, to be held on 8 May 2020, the vice chair of the board of directors, Mr. Dag J. Opedal, has received a proxy without voting instructions to vote for the 338,338,536 shares held by Bluestar Elkem International Co., Ltd. S.A, representing 58.20% of the shares and votes in Elkem ASA.  In addition, the vice chair has received proxies without voting instructions for 86,830 shares from other shareholders, representing 0.02 % of the shares and votes.  The proxies received are only valid for the annual general meeting and will lapse automatically thereafter.

The vice chair of the board of directors also personally controls 40,000 shares in Elkem ASA, representing 0.01% of the shares and votes.

In total, the vice chair may vote for 338,465,366 shares, representing 58.23 % of the shares and votes at the annual general meeting.

This information is subject to the disclosure requirements pursuant to section 4-3, cf. section 5-12 of the Norwegian Securities Trading Act.

For further information:

Odd-Geir Lyngstad,
VP Finance & Investor Relations
Tel: +47 976 72 806
Email: odd-geir.lyngstad@elkem.no

About Elkem

Founded in 1904, Elkem is one of the world's leading suppliers of silicon-based advanced materials with operations throughout the value chain from quartz to specialty silicones, as well as attractive market positions in specialty ferrosilicon alloys and carbon materials. Elkem is a publicly listed company on the Oslo Stock Exchange (ticker code: ELK) and is headquartered in Oslo. The company has more than 6,370 employees with 29 production sites and an extensive network of sales offices worldwide. In 2019 Elkem had revenues of NOK 22.7 billion. To learn more, please visit www.elkem.com