Minutes from the AnnuaslGeneral Meeting in Element ASA held on 28 June 2019

An extraordinary general meeting in Element ASA was held today to discuss a proposal from Alpha Blue Ocean Inc. regarding amendments to the composition of the B

Reference is made to the stock exchange notice dated 16 August 2019 from Element ASA (the "Company") regarding a conversion of 31 notes (with a total conversion amount of NOK 3,100,000) under the Company's zero coupon NOK 500 million convertible facility with Alpha Blue Ocean Advisors Ltd. The conversion of the notes imply an issuance of 1,937,500 new shares.