Successful placement of Schuldschein

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

Oslo, 10 December 2018

Elkem ASA has today successfully issued a series of floating and fixed rate loans in the Schuldschein market. Total size of the transaction is EUR 215 million, all senior unsecured loans. Amount and pricing for the loans are as follows

EUR 28.5 million, 3 years, floating rate 6-months Euribor + 0.95%

EUR 125.5 million, 4 years, floating rate 6-months Euribor + 1.10%

EUR 21 million, 6 years, floating rate 6-months Euribor + 1.40%

EUR 15 million, 6 years, fixed mid-swap + 1.40%

EUR 25 million, 7 years, floating rate 6-months Euribor + 1.55%

The pricing for all loans were at the low end of the respective price ranges.

The net proceeds from the Schuldschein loans shall be used for general corporate purposes.

Citibank and Natixis have acted as Joint Lead Managers for the 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.