REC Silicon - Capital/Financing Update 2026

REC Silicon Announces the Close of a USD 10.0M Short Term Loan with Hanwha Global Americas Corporation

Moses Lake, Washington USA - May 27, 2026: REC Silicon ASA (REC Silicon)

announced that its wholly owned subsidiary, REC Silicon Inc, and REC Silicon

Inc's wholly owned subsidiaries have extended an unsecured USD 10.0 million

short-term loan with Hanwha Global Americas Corporation.

Hanwha Global Americas Corporation is an affiliate of the company's largest

shareholder, Anchor AS.

This loan was extended through the existing USD 10.0 million short-term loan,

which originally closed on May 27, 2025. The maturity date of the extended

loan is May 27, 2027.

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, through the

agency of the contact persons set out above, at 2026-05-27 08:00 CEST.

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