Elkem ASA: Ex. right to participate in the contemplated subsequent offering today

Oslo, 7 May 2026

Reference is made to the stock exchange announcement made by Elkem ASA (the "Company" or "Elkem") on 6 May 2026, regarding key information relating to a contemplated subsequent offering of up to 11,111,111 new shares in the Company raising gross proceeds of up to approximately NOK 300 million (the "Subsequent Offering").

The shares in the Company will be traded exclusive of the right to participate in the contemplated Subsequent Offering from and including today, 7 May 2026.

Ex. date: 7 May 2026

This information is published in accordance with the requirements of the Continuing Obligations in Euronext Rule Book II.

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

About Elkem ASA: 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