The Chairman of Element ASA (the "Company"), Thomas Christensen, has through its wholly owned company Easy2Connect AS agreed to lend 400.000 existing tradable shares in the Company to Element ASA. 

Reference is made to the announcements disclosed on 10 June 2018 and 22 February 2019 and the details provided therein.

(Oslo, Norway, 25 October 2019) Element ASA (Element, OSE: ELE) has today entered into an agreement to divest the indirect ownership in Compagnie Minière de Touissit SA (CMT), by selling its 396 units in OSEAD fund to Manco Groupe Osead S.A (Manco) for a total consideration of EUR 1,300,000. The units comprise 3.96% of the currently outstanding units in the fund.