REC Silicon

REC Silicon - Appoints new CFO

9 October 2022: REC Silicon ASA ("REC" or the "Company") is pleased to announce

that Mr. Jeong Ryul Yun has been appointed as the new Chief Financial Officer of

the REC group.

Mr. Yun has more than 25 years of experience from financial and managerial

positions within the Hanwha group, focusing on executive management, financial

reporting and control, and business development and strategy. He was most

recently Executive Vice President of Hanwha Solutions / Q-cells, and prior to

that Head of Business Development of Hanwha Corporation/Global.

Kurtis Levens, President and CEO of REC Silicon, said:

"I am very pleased to have Mr. Yun join the REC executive management team. He

has a very strong financial background, which he combines with relevant

international sector experience. I believe his experience and background will

bring value to the group as a whole, and I look forward to working together with

Mr. Yun to further position and grow the REC business."

Mr. Yun has an MBA in Corporate Finance from the Ohio State University and a MA

from Yeonsei University in Seoul, South Korea. He also has an American Institute

of Certified Public Accountant certificate from the California Board of

Accountancy.

Mr. Yun replaces Mr. Douglas J. Moore, who has been acting as interim CFO for

REC Silicon since November 2021. Mr. Moore will continue as a key member of the

REC Silicon group finance team.

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 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: RECSI), the Company's registered address is in

Lysaker, Norway.

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

This is information is subject to the disclosure requirements pursuant to

Section 5-12 the Norwegian Securities Trading Act.

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