ELKEM ASA - Statement of the Board of Directors concerning Orkla's offer pursuant to the Securities Trading Act

The statement of the Board of Directors of Elkem ASA may be found on the Elkem ASA website (www.elkem.com) and under Elkem's notices to the Oslo Stock Exchange on the

OSE website (www.ose.no), and on the Orkla ASA website (www.orkla.com) under "Elkem/Sapa".