REC Silicon - Capital/Financing Update 2026

REC Silicon - Announces the refinancing of a USD 110.0 million Guaranteed Term Loan with KEB Hana Bank

Moses Lake, Washington, USA - March 30, 2026 - REC Silicon ASA ("REC

Silicon"), announced today that it has extended its existing USD 110.0 million

guaranteed term loan agreement with KEB Hana Bank by way of a refinancing loan

with affiliates of KEB Hana Bank on identical terms as the existing loan. The

loan has been fully guaranteed by Hanwha Solutions, a shareholder of Anchor

AS, which is the largest shareholder of REC Silicon.

The original loan with KEB Hana Bank was entered into on April 3, 2023. The

maturity date of the refinanced loan is March 30, 2027.

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

other anticipated operating cash flow requirements for this year 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, through the

agency of the contact persons set out above, at 2026-03-30 23:07 CEST.

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