REC Silicon

REC Silicon ASA - Repurchase of bonds maturing in 2018

With reference to the announcement made on 23 March 2018 and the successful

completion of a USD 110 million senior secured bond issue with maturity date 13

April 2023, the company offered a buy-back of its outstanding senior unsecured

bonds maturing 3 May 2018 (ISIN NO0010607476, "REC03") as well as a buy-back of

the convertible bonds maturing 11 September 2018 (ISIN NO0010687304).

The company will repurchase approximately NOK 9 million of REC03 at a price of

100.5 % of par value (plus accrued interest). Further, the company will buy back

and cancel a total of approximately USD 107 million of its convertible bonds in

conjunction with the new bond issue.

Settlement date for the buy-backs is expected to be 13 April 2018.

Arctic Securities and DNB Markets acted as joint lead managers for the bond

issue.

For further information, please contact:

James A. May II, Chief Financial Officer

REC Silicon

Phone: +1 509 989 1023

Christopher Bowes, Investor Relations

REC Silicon ASA

Phone: +1 509 793 8127

Nils O. Kjerstad

IR Contact Europe

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 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: 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 of the Norwegian Securities Trading Act.

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