NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN
AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S
REPUBLIC OF CHINA, JAPAN OR THE UNITED STATES, OR ANY OTHER JURISDICTION IN
WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.



(Oslo, 4 December 2020) Reference is made to the stock exchange notices from
Element ASA (the "Company") on 3 December 2020, regarding (i) a private
placement of NOK 60 million in the Company (the "Offering") and a subsequent
repair offering of up to 1,900,000 new shares at the same subscription price as
in the Offering (the "Repair Offering"), and (ii) the entering into a letter of
intent in relation to a potential acquisition (the "Acquisition") of at least 95
% of the shares in Harmonychain AS.



Date on which the terms of the Repair Offering was announced:3 December 2020

Last day including right: 3 December 2020

First day excluding right (Ex-date):4December 2020

Record date: 7 December 2020

EGM date:On or about 18 January 2021

Maximum number of new shares:1,900,000

Subscription Price: NOK 4.00

Shall the rights be listed:No



Other information: The Repair Offering is subject (i) to completion of
Acquisition, including delivery of listed consideration shares to the
shareholders in Harmonychain AS,, (ii) completion of the Offering, and (iii)
approval by a shareholder meeting of Element ASA. Notwithstanding the foregoing,
the board of directors may, in its sole discretion, decide that the Company
shall not carry out the Repair Offering.



For further information, please contact:

Geir Johansen CEO E-mail: gj@elementasa.com +47 4771 0451 

Thomas Christensen Chairman +47 9225 5444



This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

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© Oslo Bors ASA, source Oslo Stock Exchange