ELK: Dag Teigland appointed chief executive officer of Elkem as Helge Aasen transitions to chairman of the board

Oslo, 2 July 2026

Elkem ASA announces that Dag Teigland has been appointed chief executive officer
(CEO) by the board of directors, effective 3 August 2026. Helge Aasen, who has
served as CEO of Elkem since 2009, will step down from his role and assume the
position of chairman of the board.

Dag Teigland brings over two decades of industrial and investment experience to
Elkem. Among current engagements, he serves as executive chairman of the board
of Tekna Holding ASA, a world-leading provider of advanced, high-performance
metal powders for industrial applications. Over the course of his career,
Teigland has held senior executive roles across industry and investment,
including as chief executive officer of Tinfos AS and Holta Invest AS, where he
developed and led an active industrial investment platform.

Teigland also has prior experience from Elkem, where he held several leadership
roles between 1998 and 2002, lastly as managing director of business area
chrome.

"The Board is pleased to appoint Dag Teigland as CEO of Elkem. He brings deep
industrial expertise and a proven track record of driving development and
transformation. With his background spanning both international industrial
operations and investment environments, Dag is well suited to lead Elkem into
its next phase of growth and development," said Marianne E. Johnsen, interim
chair of the board of Elkem.

"At the same time, the Board would like to thank Helge Aasen for his strong
leadership and significant contribution to Elkem over many years," Johnsen
added. "During his tenure, Elkem has strengthened its strategic position,
expanded its global footprint and developed world-leading positions in silicon,
ferrosilicon, foundry alloys and carbon solutions. Helge has also led Elkem
through major portfolio and financing measures, including the divestment of the
Silicones division. We are very pleased that he will continue to contribute to
the company's development as chairperson of the board."

"It is a great honour to return to Elkem and take on the role of chief executive
officer," said Dag Teigland. "Elkem is a company with a strong industrial
heritage and a leading position within its respective segments. I look forward
to working with the Board, the Elkem leadership team and colleagues worldwide to
build on this foundation, accelerate sustainable growth, advance safety and
innovation, and ensure that Elkem continues to supply the strategic materials
needed for a cleaner, smarter and more resilient future."

"It has been a privilege to lead Elkem as CEO over the past 17 years," said CEO
Helge Aasen. "I am proud of what the organisation has accomplished during this
period and confident that the company is well positioned for long-term,
sustainable value creation. I look forward to continuing to support Elkem in my
new role as chairperson of the board and to work closely with Dag in the
transition."

For further information, please contact:
Helge Aasen
CEO
Tel : +47 992 47 635
Email: [email protected]

Odd-Geir Lyngstad
VP Finance & Investor Relations
Tel: +47 976 72 806
Email: [email protected]

Marianne Stigset
VP Corporate Communications & Public Affairs
Tel: +47 411 88 482
E-mail: [email protected]

About Elkem ASA
Elkem is a global metals and materials company established in 1904. The company
holds leading positions in silicon, ferrosilicon, foundry alloys and carbon
solutions, supplying materials essential to modern society - from critical
infrastructure and manufacturing to digitalisation, mobility and energy
solutions. Elkem produces its materials by combining natural raw materials,
renewable energy and advanced process technology, creating solutions that enable
a more sustainable future. The company employs around 3,000 people across
Europe, Asia, the Americas and Africa, and is headquartered in Oslo, Norway
where it is listed on the Oslo Stock Exchange (ELK). Driven by innovation.
Powered by nature. Shaping the future.

This release contains inside information related to Elkem ASA pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act.

This release was published by Odd-Geir Lyngstad, VP Finance and Investor
Relations, Elkem ASA. Date and time of publication: 18:30 CEST, 02.07.2026
shed by Odd-Geir Lyngstad\, VP Finance and Investor\
Relations\, Elkem ASA. Date and time of publication: 18:30 CEST\, 02.07.2026\