REC Silicon

REC Silicon - Conclusion of independent statement related to the mandatory offer by Anchor AS for the shares in REC Silicon ASA

Reference is made to the announcement on 23 May 2025 regarding the launch of

the voluntary offer by Anchor AS (the "Offeror") to acquire all issued and

outstanding shares in REC Silicon ASA ("REC") not already owned by the Offeror

(the "Offer").

Pursuant to section 6-16 of the Norwegian Securities Trading Act, the Board of

Directors of REC shall provide a statement on the Offer. Finanstilsynet, in

its capacity as take-over supervisory authority, has decided that the

statement shall be issued by an independent expert and not by the Board of

Directors of REC and that such statement can be issued by Pareto Securities AS

("Pareto") on behalf of the Company, cf. section 6 16 of the Securities

Trading Act.

Pareto has issued their statement on the Offer and has in the statement

concluded as follows: "Pareto is, based on the evaluation described above, of

the opinion that the Transaction Valuation does reflect the current underlying

value in the Company and thereof a fair valuation of the Company."

The full statement from Pareto is attached to this announcement.

Contacts

------------------------------------------------------------------------------

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 silicon gases to the solar and electronics industries worldwide.

We combine over 40 years of experience and proprietary technology with the

needs of our customers. Listed on the Oslo Stock Exchange (ticker: RECSI), the

Company is headquartered in Lysaker, Norway.

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

This information is subject to disclosure under the Norwegian Securities

Trading Act, §5-12. The information was submitted for publication at

2025-06-11 08:15 CEST.

AI Terminal