REC Silicon

REC Silicon Inspection by Labor & Industries at Moses Lake

Moses Lake, Washington USA -- February 25, 2024, REC Silicon ASA ("REC

Silicon" or the "Company") informs that an inspection of the Company's Moses

Lake facility by the Washington State Department of Labor & Industries ("Labor

& Industries") occurred on February 13, 2024.

The inspection was a required response to a complaint received by the Labor &

Industries concerning various topics pertaining to the Moses Lake facility.

Typically, inspections consist of various steps in the review process, which

could include a tour of the Moses Lake facility, interviews of randomly

selected employees, review of policy, procedures, and work practices. REC

Silicon takes these inspections seriously and cooperates fully with the

process. REC Silicon does not expect any significant negative findings and

will provide an update upon the completion of the review, which is expected in

the next couple of weeks.

REC Silicon is committed to a safe work environment and takes every step to

ensure that the facility is fully compliant with applicable safety

regulations. REC Silicon places a prioritized importance on our safety

culture, which extends to employees' rights to report concerns to external

organizations. By keeping this a priority, we protect the welfare of our

employees, communities, and shareholders while upholding our commitment to

ethical business conduct.

Production at the site continues and is progressing towards the first

shipment, which is still expected within this quarter.

Contacts

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Jack Yun

CFO, REC Silicon

Nils O. Kjerstad

IR Contact

Phone: +47 9135 6659

About Us

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REC Silicon is a leading producer of advanced silicon materials, delivering

high-purity polysilicon and silicon gas to the solar and electronics

industries worldwide. We combine over 30 years of experience and proprietary

technology with the needs of our customers, with annual production capacity of

more than 20,000 MT of polysilicon from our two US-based manufacturing plants.

Listed on the Oslo Stock Exchange (ticker: RECSI), the Company is

headquartered in Lysaker, Norway.

For more information, go to: www.recsilicon.com

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