Elkem ASA - Appointment of interim chair of the board, and board approval of the refinancing

Oslo, 5 May 2026

On 30 April 2026, the following shareholder-elected board members were elected by the annual general meeting of Elkem ASA: Helge Aasen, Marianne E. Johnsen, Christian Must, Astrid Margrethe Hilde and Richard Olav Aa. The election of Helge Aasen as a board member is effective from the date of his retirement as CEO of Elkem ASA. The board of directors has resolved that Marianne E. Johnsen shall serve as interim chair of the board until the election of Helge Aasen becomes effective.

Reference is made to the first quarter 2026 stock exchange announcement and presentation material published on 30 April 2026, where Elkem announced that the company has initiated a refinancing of the bank facilities, and that a refinancing of EUR 1,000 million has been fully underwritten by relationship banks. The agreement was subject to approval by the new Elkem board of directors. The EUR 1,000 million refinancing, consisting of a Revolving Credit Facility of EUR 400 million and a Term Loan of EUR 600 million, both with a tenor of five years, has now been approved by the new board of directors.

This information is subject to the disclosure requirements pursuant to 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 a pure-play metals and materials company that has driven industrial innovation for over 120 years. The company has globally leading positions in silicon, foundry alloys and carbon products, supplying materials essential to modern infrastructure, manufacturing, digitalisation and the energy transition. Elkem employs over 3,000 people, operates in more than 30 locations, and is headquartered in Oslo, where it is listed on the Oslo Stock Exchange (ELK). www.elkem.com