REC Silicon

AGM Information • Aug 7, 2025

Unofficial office translation. In case of discrepancies, the Norwegian version shall prevail.

PROTOKOLL FRA EKSTRAORDINÆR GENERALFORSAMLING I

REC SILICON ASA

(org.nr. 977 258 561, "Selskapet")

avholdt torsdag, 7. August 2025 kl. 15:00, som et elektronisk møte.

Møtet hadde følgende dagsorden:

• 1. Åpning av møtet og registrering av deltakende aksjeeiere
• 1. Valg av møteleder og en person til å medundertegne protokollen
• 1. Godkjennelse av innkallingen og forslag til dagsorden
• 1. Valg av medlemmer til styret

1. ÅPNING AV MØTET OG REGISTRERING AV DELTAKENDE AKSJEEIERE

Dag Erik Rasmussen var utpekt av styret til å åpne generalforsamlingen og redegjøre for fremmøtet. Fortegnelsen over deltakende aksjeeiere og fullmakter viste at 233 450 021 av Selskapets totalt 420 625 659 utstedte aksjer, tilsvarende ca. 55,5 % av Selskapets aksjekapital, var representert.

Fortegnelsen over deltakende aksjeeiere og fullmakter fremgår av protokollens Vedlegg 1. Stemmeresultatene for hver enkelt sak er inntatt i Vedlegg 2.

2. VALG AV MØTELEDER OG EN PERSON TIL Å MEDUNDERTEGNE PROTOKOLLEN

I samsvar med styrets forslag traff generalforsamlingen følgende beslutning:

Dag Erik Rasmussen velges som møteleder for generalforsamlingen.

Nils Ove Kjerstad velges til å medundertegne protokollen.

Beslutningen ble truffet med slikt flertall som fremgår av Vedlegq 2.

3. GODKJENNELSE AV INNKALLINGEN OG FORSLAG TIL DAGSORDEN

Det ble fra en aksjonær bedt om følgende protokollat:

MINUTES OF

EXTRAORDINARY GENERAL MEETING IN

REC SILICON ASA

(reg. no. 977 258 561, the "Company")

held on Thursday, 7 August 2025 at 15:00 CEST, as a digital meeting.

The meeting had the following agenda:

• 1. Opening of the meeting and registration of participating shareholders
• 1. Election of a chair of the meeting and a person to co-sign the minutes
• 1. Approval of the notice and the proposed agenda
• 1. Election of members to the board of directors

• OPENING OF THE MEETING AND REGISTRATION OF PARTICIPATING SHAREHOLDERS

Dag Erik Rasmussen was appointed by the board of directors to open the general meeting and inform about the attendance. The list of participating shareholders and proxies showed that 233,450,021 of the Company's total 420,625,659 issued shares, corresponding to 55.5% of the Company's share capital, were represented.

The list of participating shareholders and proxies is included in Appendix 1 to these minutes. The voting results for each item are included in Appendix 2.

2. ELECTION OF A CHAIR OF THE MEETING AND A PERSON TO CO-SIGN THE MINUTES

In accordance with the board of directors' proposal, the general meeting resolved as follows:

Dag Erik Rasmussen is elected to chair the general meeting.

Nils Ove Kjerstad is elected to co-sign the minutes.

The resolution was made by such a majority as set out in Appendix 2.

3. APPROVAL OF THE NOTICE AND THE PROPOSED AGENDA

A shareholder requested that the following is recorded in the minutes:

Lage I of 2

"A shareholder present at the meeting submitted a formal objection to the handling of the board election vote.	"A shareholder present at the meeting submitted a formal objection to the handling of the board election vote.
The objection noted that while the election of new board members was listed in the agenda, the names of the proposed candidates from Hanwha were only disclosed publicly on 5 August 2025 - after the deadline for registration and advance voting had passed.	The objection noted that while the election of new board members was listed in the agenda, the names of the proposed candidates from Hanwha were only disclosed publicly on 5 August 2025 - after the deadline for registration and advance voting had passed.
The shareholder argued that this timing deprived shareholders relying on advance procedures of a meaningful opportunity to evaluate the proposal and vote accordingly."	The shareholder argued that this timing deprived shareholders relying on advance procedures of a meaningful opportunity to evaluate the proposal and vote accordingly."
I samsvar med styrets forslag traff generalforsamlingen følgende beslutning:	In accordance with the board of directors' proposal, the general meeting resolved as follows:
Innkallingen og forslag til dagsorden godkjennes.	The notice and the proposed agenda are approved.
Beslutningen ble truffet med slikt flertall som fremgår av Vedlepp 2.	The resolution was made by such a majority as set out in Appendix 2.
4. VALG AV MEDLEMMER TIL STYRET	4. ELECTION OF MEMBERS TO THE BOARD OF DIRECTORS
I samsvar med aksjeeierens forslag traff generalforsamlingen følgende beslutning:	In accordance with the shareholder's proposal, the general meeting resolved as follows:
Til styret ble valgt:	As members of the board were the following elected:
Taewon Jun, styreleder - Vivian Bertseka, styremedlem - Renate Oberhoffer, styremedlem -	Taewon Jun, chair - Vivian Bertseka, board member - Renate Oberhoffer, board member -
Beslutningen ble truffet med nødvendig flertall, som fremgår av Vedlepp 2.	The resolution was made by the required majority, as set out in Appendix 2.
	***
Det var ingen flere saker på dagsordenen, og møtet ble hevet.	There were no further items on the agenda, and the general meeting was adjourned

g Erik asmussen Møteleder I Chair of the meeting

Vedlegg 1: Fortegnelsen over deltakende aksjeeiere og fullmakter

Vedlegg 2: Stemmeresultater

Appendix 1: List of participating shareholders and proxies

LJ

Nils O Kjerstad ivledundertegner I Co-signer

Appendix 2: Voting results

Vedlegg 1 / Appendix 1: Fremmøtte aksjonærer / Shareholders present

Totalt representert / Attendance Summary Report REC Silicon ASA Ekstraordinær Generalforsamling / EGM 7 August 2025
Antall personer deltakende i møtet /	23
Registered Attendees:
Totalt stemmeberettiget aksjer representert	233,450,021
/ Total Votes Represented:
Totalt antall kontoer representert /	135
Total Accounts Represented:
Totalt stemmeberettiget aksjer /	420,625,235
Total Voting Capital:
% Totalt representert stemmeberettiget /	55.50%
% Total Voting Capital Represented:
Totalt antall utstede aksjer / Total Capital:	420,625,659
% Totalt representert av aksjekapitalen / % Total Capital	55.50%
Represented:
Selskapets egne aksjer / Company Own Shares:	424

	Sub Total:	12	11	233,450,021
			Registrerte Ikke-Stemmeberettigede
	Registrerte Deltakere /		Deltakere / Registered Non-Voting	Registrerte Stemmer	Kontoer /
Kapasitet / Capacity	Registered Attendees		Attendees	/ Registered Votes	Accounts
Aksjonær / Shareholder (web)		10	0	1,627,135	10
Fullmektig / 3rd Party Proxy (web)				184,839,587	1
Gjest / Guest (web)		0	11
Forhåndsstemmer / Advance votes		1	0	45,013,617	86
Styrets leder med fullmakt / COB with Proxy		1	0	1,969,682	38

Kai Bamberg DNB Bank ASA Issuer services The Chairman REC Silicon ASA

07 August 2025

Dear Sir,

As scrutineer appointed for the purpose of the Poll taken at the Extraordinary General Meeting of the Members of the Company held on 7 August 2025 I HEREBY CERTIFY that the result of the Poll is correctly set out as follows:-

	VOTES	%	VOTES	%	VOTES	% of ISC	VOTES
	FOR		MOT		TOTAL	VOTED	AVSTÅR
2	230,123,839	99.18	1,901,860	0.82	232,025,699	55.16%	1,424,322
3	228,147,641	98.08	4,467,428	1.92	232,615,069	55.30%	834,952
4	226,800,373	97.16	6,624,324	2.84	233,424,697	55.49%	25,324

Yours faithfully,

Kai Bamberg DNB Bank ASA Issuer services

Issued share capital: 420,625,235

Attendance Details

Page: Date: Time: 1 7 Aug 2025 15:17

Meeting:	REC Silicon ASA, AGM
	07 August 2025
Aksjonær / Shareholder	Attendees	10	Votes 186,466,722
Gjest / Guest		11
Forhåndsstemmer / Advance votes		1	45,013,617
Styrets leder med fullmakt / COB with Proxy 1			1,969,682
Total		23	233,450,021
Aksjonær / Shareholder		10	186,466,722
			Votes	Representing / Accompanying	Voting Card
BUSTERUD, PETTER			400,000	BUSTERUD, PETTER
ERDAL, OLAI BENDIK			25,000	ERDAL, OLAI BENDIK
GRYTNES, PÅL			16,365	GRYTNES, PÅL
INGEBORGRUD, ARNHILD			275,000	INGEBORGRUD, ARNHILD
Mejlænder, Simen			184,839,587	ANCHOR AS Mejlænder, Simen
			184,839,587
PALMER, CHRISTOPHER RUPERT			325,770	PALMER, CHRISTOPHER RUPERT
SEO, HEE CHAN			150,000	SEO, HEE CHAN
SIIMSON, KRISTJAN			30,000	SIIMSON, KRISTJAN SONAMA AS, Rep. ved Øyvind Andersen
SONAMA AS, Rep. ved Øyvind Andersen SØRHEIM, TOM KRISTIAN			300,000 105,000	SØRHEIM, TOM KRISTIAN
Gjest / Guest		11
			Votes	Representing / Accompanying	Voting Card
Braathen Kleven, Haakon
Chung, Sollim
Frøynes, Werner
gnosspelius, isak
Hjermann, Lars
Lee, Jay
nelson, peter
peter, johnpee Power, Jane
rajan, praveen
YEHUDA, dAVID
Forhåndsstemmer / Advance votes		1	45,013,617
			Votes	Representing / Accompanying	Voting Card
Forhåndsstemmer / Advance votes			4,092,775	MUST INVEST AS
			728,423	ULLTVEIT-MOE, JENS DAG ÅSLAND, RUNE ANDRE
			707,790 314,946	WENNBERG, IVAN
			463,951	GUNDERSEN, GAUTE BJØRKLUND
			220,001	KRISTIANSEN, SUELA
			200,150	HASA INVEST AS
			200,000	RAAEN, STEINAR
			200,000	KARLSEN, RUNE ARNT
			182,360	AUESTAD, PER KRISTIAN
			170,000	JOHANSEN, ROGER MATHISEN, TORMOD
			235,112	HAXHIRAJ, ERMIR
			140,000 119,229	SKOUGE, MORTEN
			110,000	ODDEN, EIRIK HOLLERUD
			110,000	HAUGNES, ARVID
			103,170	WIRSTAD, BJØRN MORTEN
			88,648	ISAKSEN, IDAR
			83,500	OLSEN, KJELL EINAR
			80,000	NYGÅRD, KJELL
			80,000	EIDSETER, INGE KARSTEIN
			75,355	LYCHE, HILDE THERESE STRAND
			73,000	LUNDLI, HANS EINAR SKRAMSTAD, OLE WALDEMAR
			73,000 77,881	LJOSLAND, JON RICHARD
			66,600	MYRA, THOMAS
			65,000	SLEMMEN, VEGARD
			65,000	HOLE, LARS OLAV
			53,500	OLAFSEN, HENNING GRØNLI

51,030 STRAND, JAN GUNNAR 50,000 BOGEN, SVEIN MORTEN 50,000 WILBERS, ANDRÉ

Attendance Details

Page: Date: Time: 2 7 Aug 2025 15:17

Forhåndsstemmer / Advance votes 47,001 SOLEM, ESPEN

46,615	ØDEGAARD, ROLF JARLE
45,540	BJØRSHOL, ANDREAS LYNGSTAD
45,000	ØYGARDEN, JAN
41,000	KOTENG, ROGER
36,609	OLESEN, THOMAS
35,261	HARNES, JARLE TORESON BJØRKE
35,741	LYCHE, ODD EINAR
32,401	MEHLUM, SVEIN IVAR
31,800	HANSEN, ALEXANDER MÆLAND
30,001	ANDRESEN, ROY KARSTEN
25,673	KLEIVE, SVEINAR
21,900	HETLAND, MORTEN ANDRE
18,000	LYGRE, ALEKSANDER
16,700	STRØNSTAD, MORTEN
16,200	TSAMIS, STAVROS
15,000	LØKSET, CHRISTER
10,762	ELLER, JULIA ESTHER
10,000	PHUANGWON, SUWANNEE
10,000	RONO EIENDOM AS
6,224	SUNDKVIST, KIM FREDRIK
6,121	ANDRESEN, TOMAS REMSETH
5,084	AASETH, ADRIAN BAKKEN
5,061	BJØRKAVÅG, KARIANN
5,000	BERGSBAKK, ÅSMUND KRISTENSEN

• 5,000 BERGSBAKK, ÅSMUND KRISTENSEN
• 4,960 WAGNER, DOREEN
• 3,660 JENSEN, TOR CHRISTER AUSLAND
• 3,540 HÅNES, ØIVIND
• 2,100 RØSTAD, KJELL
• 2,000 SANDTORV, HALLGEIR
• 1,000 STORVIK, SYNNE
  • 905 ANDRESEN, GEIR LASSE
• 855 DYRSETH, ARILD
• 600 KOW-MENSAH, JUSTICE
• 429 COOLS, MORTEN
• 300 RUSVIK, JOAKIM SANDBERG
• 156 WIIK, FREDRIK PRINTZLAU
• 100 HEIDER, DANIELA
• 68 ECKHOFF, PETTER WILHELM
• 51 ERIKSEN, METTE VÅGNES
• 40 BIRKELAND, ZANDER AUGUSTIN STRAND
• 30 ÅRØEN, ASBJØRN
• 6,276,957 WATER STREET PARTNERS, LTD.
• 306,419 TWO SIGMA ABSOLUTE RETURN PORTFOLIO LLC
• 2,668,150 ALEXANDER STREET PARTNERS, LTD.
• 4,961,214 BAY STREET ASSOCIATES, LTD.
• 5,601,832 ALEXANDER STREET PARTNERS LTD.
• 12,668,510 WATER STREET PARTNERS, LTD.
  • 90 TWO SIGMA EQUITY RISK PREMIA PORTFOLIO, LLC 105,000 POLAR FUND, LTD.
• 2,469,686 BAY STREET ASSOCIATES, LTD.
  • 550 HO, SHAU PING
  • 800 VAN IJSELMUIJDEN, JACOBUS
  • 4,500 RICHARDS, KEVIN

45,013,617

Styrets leder med fullmakt / COB with Proxy 1 1,969,682

Styrets leder med fullmakt / COB with Proxy 840,000 TIEBREAK CONSULTING AS

Votes	Representing / Accompanying	Voting Card
215,000	OLSBØ, LEIF JARLE
200,000	Mikaelsen, Jan Erik
130,000	LUND, ROGER
125,440	SURDAL, HELGE HOLLUND
91,400	SOMMERVOLD, ASBJØRN
86,375	BERNTSEN, STEN ERIK
65,000	NORMANN, CARL ERIC
42,970	HØYAAS, LIV IRENE
30,000	LIBNAU, ARE OLAF
25,592	DELEBEKK, ANDREAS EIDSVAAG
23,506	FOSS, ANDRÉ
14,500	NESJE, ANDREAS
12,400	BASHIR, MOHAMMAD TANVEER

10,350 GDYNIA, WALTER FRIEDRICH

voting Gard

Attendance Details

Page: Date: Time: 3 7 Aug 2025 15:17

Styrets leder med fullmakt / COB with Proxy 8,000 ULVESTAD, PETER HERMANSEN

• 5,908 AASEN, HENRI DAVID
• 5,000 SVEINSEN, LARS GEORG
• 4,500 EDVARDSEN, BENTE TØNDEL
• 4,000 J.D. TRADING AS
• 3,925 HØYAAS, GUNNAR JUUL
• 3,000 EDVARDSEN, ODD REIDAR
• 3,000 LIE, NILS EGIL
• 2,926 KRONEN, MAGNE SAGSTAD
• 2,838 JELSØ, TOR MARTIN
• 2,690 JONASSEN, SINDRE TROVÅG
• 2,637 Havdal, Odd Annfin
• 2,510 AASEN, DANIEL GUNNHOLT
• 1,915 Pettersen, Tommy-André
• 1,520 LANGVIK, ØYSTEIN
• 1,300 Nilsen, ROLF leo Waage
• 1,000 RIENKS, PETER
  • 300 RØDSTEN HOLDING AS
  • 81 KRISTENSEN, ARE ANDREAS
  • 40 JORFALD, TORGRIM
  • 30 JOHNSEN, EVA HENNIE
  • 15 ESPESETH, NILS KRISTIAN
  • 14 HAUKELIDSÆTER, MARIT

1,969,682