REC Silicon

Major Shareholding Notification • Jul 7, 2016

REC Silicon ASA - Disclosure of large shareholdings under the Securities Trading Act of 2007

REC Silicon ASA - Disclosure of large shareholdings under the Securities Trading Act of 2007

We would like to inform you that UBS Group AG has

crossed the reportable threshold of 5% of the share

capital in REC Silicon ASA (NO0010112675). Please let

this serve you as our disclosure as set forth below:

Name of the person obliged to notify:

UBS Group AG

Residing at:

Bahnhofstrasse 45, CH-8001 Zurich

Date of event:

5 July 2016

Event triggering the notification:

Acquisition of shares

Total acquired shares:

66'501'453 shares

Total new holding:

138'191'112 shares representing 5.43% of the

2'543'818'785 voting rights and of the share capital.

132'426'478 shares are held directly by UBS AG, a

subsidiary of UBS Group AG. 5'764'634 shares are held

indirectly by UBS AG through UBS Switzerland AG

(4'88'001 shares), UBS Fund Management (Switzerland)

AG (567'384 shares), UBS Asset Management (Singapore)

Ltd (310'351) and UBS Asset Management Life Limited

(86'898).