REC Silicon — Capital/Financing Update 2026

Apr 13, 2026

Press Release 13 April 2026 17:04:00 CEST

RECSILICON

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

Lysaker, Norway - April 13, 2026 - REC Silicon ASA ("REC Silicon") announced today that it has extended an unsecured USD 7.0 million short-term loan with Anchor AS.

Anchor AS is REC Silicon's largest shareholder and is a wholly owned subsidiary of Hanwha Corporation and Hanwha Solutions. The original loan closed on October 13, 2025. The new maturity date of the extended loan is October 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 has yet been finalized or guaranteed.

Contacts

Nils O. Kjerstad
IR Contact
Phone: +47 9135 6659
Email: nils.kjerstad@recsilicon.com

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, through the agency of the contact persons set out above, at 2026-04-13 17:04 CEST.

REC Silicon | Lysaker Torg 5 | Box 63

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Press Release
13 April 2026 17:04:00 CEST
RECSILICON

Attachments

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

REC Silicon | Lysaker Torg 5 | Box 63