REC Silicon

Regulatory Filings • Jan 23, 2018

REC Silicon Reacts to President Trump's Decision to Impose Tariffs on Solar Modules Imported into the US

REC Silicon Reacts to President Trump's Decision to Impose Tariffs on Solar Modules Imported into the US

Moses Lake, Washington - January 23, 2018: REC Silicon ASA (REC Silicon)

strongly believes that a settlement of all solar trade related disputes between

the United States and China is the best path forward to preserve, restore and

promote U.S. solar manufacturing jobs, reduce the U.S.-China trade deficit as

well as promote the health of the broader U.S. solar sector including the

burgeoning downstream solar development industry in the United States.

REC Silicon thanks President Trump and the U.S. Trade Representative for their

commitment to engage in discussions with a view to resolving the antidumping and

countervailing duty measures currently imposed on U.S. polysilicon as part of

the Section 201 remedy announced yesterday. REC Silicon urges the U.S.

Government to pursue negotiations with the Government of China as soon as

possible to conclude an agreement that addresses these solar related trade

disputes.

Re-opening the Chinese market to U.S. polysilicon exports is the most important

thing that would ensure that high technology solar manufacturing jobs are

protected and preserved in the United States.

Tore Torvund, REC Silicon's CEO commented "It is imperative that the U.S.

Administration take constructive steps to resolve this prolonged harmful dispute

in the near term. In times of rising global polysilicon demand, opportunities

for U.S. polysilicon manufacturers, the industry's technology leaders and the

most competitive producers in the world, should be experiencing healthy

expansion, not rapid contraction. This Administration was elected to support

U.S. workers, and we encourage the U.S. Trade Representative to conclude an

agreement to protect our dedicated and innovative U.S. employees.  REC Silicon

can out-compete our foreign rivals and we can do it from our manufacturing

locations here in the United States.  We simply need access to the global

market, which can be achieved by the discussions provided for in the President's

announcement."

For further information, please contact:

Francine Sullivan, Vice President Business Development

REC Silicon ASA

Phone: +1 509 750 1133

Email: Francine.Sullivan@recsilicon.com

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, and 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.