Elkem ASA – Successful placement of bond

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL

Elkem ASA – Successful placement of bond

Oslo, 27 November 2018 

Elkem has today successfully issued a senior unsecured bond loan of NOK 1,750 million. The bond loan is a 3 year floating rate loan with a coupon of 3m Nibor+1.25 % p.a.

The net proceeds from the Bond Issue shall be used for general corporate purposes. An application will be made for the bond to be listed at Oslo Børs.

Nordea and DNB have acted as Joint Lead Managers for the bond issue.

For further information, please contact:

Odd-Geir Lyngstad, Head of 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. Headquartered in Oslo, the company's 27 production sites and extensive network of sales offices and agents around the world ensure proximity to customers and access to attractive end markets. Elkem's over 6,000 skilled employees and significant R&D activities provide a solid basis for further technology-driven growth and optimisation.  

This announcement may not be distributed or sent into the United States or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures. This announcement is not an offer for sale of securities in the United States or any other country. The securities referred to herein have not been registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be sold in the United States absent registration or pursuant to an exemption from registration under the U.S. Securities Act. Elkem does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States.