Elkem Provides Clarification on Recent NOK 1.5 Billion Equity Issue Announcement

Clarification on Elkem's 1.5 Billion NOK Equity Issue

On February 13, 2026, Elkem, a globally recognized leader in advanced silicon-based materials, released a statement elaborating on its recent announcement regarding a NOK 1.5 billion underwritten equity issue. This initiative is expected to be executed through a public bookbuilding process influenced by market conditions. The company has explicitly noted that both a minimum application amount and allocation criteria will be set by the Board of Directors.

The Board is committed to ensuring that the interests of all shareholders are considered during the equity capital raise. As part of this process, Elkem intends to conduct a "repair offering" that will enable existing shareholders the opportunity to subscribe for new shares at the same pricing announced in this equity issue. This measure aims to maintain fairness and transparency in the allocation of new shares, providing equitable access to all investors.

This clarification comes as part of Elkem's ongoing strategy to engage effectively with its stakeholders, particularly those affected by the equity raise. The equity issue is seen as a crucial step in supporting the company's long-term goals and enhancing its market positioning. It represents a strategic move towards raising capital that could be vital for future investments and growth initiatives.

In addition，the company emphasized that this is the only equity issue currently under consideration in relation to the earlier announcement. It reflects Elkem’s transparency and commitment to informing its investors about critical financial maneuvers.

Elkem has a storied history, having operated since 1904, and employs more than 7,000 individuals dedicated to innovating and producing sustainable materials through a combination of natural resources and cutting-edge technology. By leveraging renewable energy and human ingenuity, Elkem aims to support various sectors, including electric mobility, digital communications, and sustainable urban development.

In 2025, the company reported an impressive operating income of NOK 31 billion, showcasing its robust market presence and resilient business model. Furthermore, Elkem has received commendable ratings on environmental fronts, including top scores for Forests and Water Security and a respectable rating for Climate Change from CDP.

In conclusion, the upcoming equity issue represents a significant opportunity for Elkem to bolster its capital and secure funding for future projects that align with its mission of fostering a sustainable future. Stakeholders are encouraged to stay informed as further details are released through official channels.

For more inquiries, Elkem’s VP of Finance and Investor Relations, Odd-Geir Lyngstad, is available at +47 976 72 806 or via email at [email protected]