REC Silicon

REC Silicon - Share capital increase registered, reverse split to be effectuated

Fornebu, Norway 9 July 2019. Reference is made to the resolution by the annual

general meeting of REC Silicon ASA on 9 May 2019, whereby it was resolved to

issue 5 new shares to Umoe AS at a subscription price equal to par value. The

issuance of 5 new shares has been registered with the Norwegian Register of

Business Enterprises. Following registration, the share capital of REC Silicon

ASA is NOK 279,820,066 divided on 2,798,200,660 shares, each with a par value of

NOK 0.10. Each share represents one vote in the company's general meeting. After

issuance of the new shares, Umoe AS owns 642,221,514 shares in REC Silicon ASA.

The share capital increase is made to facilitate the reverse share split

resolved by the extraordinary general meeting on 9 May 2019. Pursuant to the

general meeting's resolution, the Company's shares shall be combined in a ratio

of 10:1, whereby 10 old shares will give 1 new share. The company will move

forward with implementation of the reverse split and issue a separate

announcement regarding time of implementation and other key information, in

accordance with the Continuing Obligations of the Oslo Stock Exchange.

For further information, please contact:

James A. May II, Chief Financial Officer

Phone: +1 509 989 1023

Nils O. Kjerstad IR Contact

Phone: +47 9135 6659

About REC Silicon:

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 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: REC), the company is headquartered in Fornebu, Norway.

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

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act

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