REC Silicon - Capital/Financing Update 2025

REC Silicon - Announces the Close of a USD 7.0 million Short Term Loan with Anchor AS

Lysaker, Norway - October 13, 2025 - REC Silicon ASA ("REC Silicon") announced

today that it has entered into an unsecured USD 7.0 million short-term loan

agreement with Anchor AS to fund the company's urgent operational capital

needs.

Anchor AS is a Norwegian subsidiary of REC Silicon's two largest shareholders:

Hanwha Solutions and Hanwha Corporation.

The terms of the loan are generally in line with the financial terms of the

company's existing bank and shareholder loan agreements. The maturity date is

April 13, 2026.

REC Silicon does not have sufficient available cash to meet debt service and

other anticipated operating cash flow requirements going forward without the

continued support of the major shareholder, Hanwha, or additional sources of

capital. Therefore, it will soon require additional financing beyond this

loan, either from Hanwha or from other sources of capital, none of which have

yet been finalized or guaranteed.

Contacts

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Nils O. Kjerstad

IR Contact

Phone: +47 9135 6659

About REC Silicon

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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

2025-10-13 14:50 CEST.

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