REC Silicon

REC Silicon ASA - Successfully completed bond issue

REC Silicon ASA has successfully completed a USD 110 million senior secured bond

issue with maturity date 13th April 2023. Settlement date is expected to be 13

April 2018.

In connection with the bond issue, the company offered a conditional buy-back of

its outstanding senior unsecured bonds with maturity 3 May 2018 ((REC03 with

ISIN NO0010607476) and its outstanding convertible bonds with maturity 11

September 2018 (with ISIN NO0010687304).

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

issue. An application will be made for the bonds to be listed on Oslo Børs.

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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