Elkem ASA: Minutes from Extraordinary General Meeting

Oslo, 9 March 2026

Reference is made to the stock exchange announcements published by Elkem ASA ("Elkem" or the "Company") on 13 February 2026 regarding the entry into of an agreement (the "Share Purchase Agreement") to sell the majority of its Silicones division to Bluestar to be settled with all Elkem shares held by Bluestar Elkem International Co. Ltd. S.A. (the "Contemplated Transaction"), and the notice of the extraordinary general meeting of Elkem to be held on 9 March 2026 to, inter alia, vote on the approval of the Share Purchase Agreement and to resolve the redemption of Bluestar's shares.

The extraordinary general meeting of the Company was held today, 9 March 2026. The general meeting, inter alia, resolved to approve the Share Purchase Agreement and the redemption of Bluestar's shares. The complete minutes of the extraordinary general meeting are attached to this announcement and are also available on the Company's website.

The approval of the Share Purchase Agreement and the resolution to redeem Bluestar's shares mark an important step towards completion of the Contemplated Transaction, which is expected to take place in late April or early May 2026, subject to the expiry of the creditor notice period and certain other customary closing conditions.

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, please contact: Odd-Geir Lyngstad VP Finance & Investor Relations Tel: +47 976 72 806 Email: odd-geir.lyngstad@elkem.com

About Elkem: Elkem is one of the world's leading providers of advanced silicon-based materials shaping a better and more sustainable future. The company develops silicones, silicon products and carbon solutions by combining natural raw materials, renewable energy and human ingenuity. Elkem helps its customers create and improve essential innovations like electric mobility, digital communications, health and personal care as well as smarter and more sustainable cities. With a strong track record since 1904, its global team of more than 7,000 people has a joint commitment to stakeholders: Delivering your potential. In 2025, Elkem achieved an operating income of NOK 31 billion. Elkem has been awarded top score of A on Forests and Water Security, and B on Climate Change from CDP.

Elkem is listed on the Oslo Stock Exchange (ticker: ELK), where the company is also included in the ESG Index. www.elkem.com.