REC Silicon

REC Silicon - Update to Frequently Asked Questions and Response to Investigation

Moses Lake, Washington USA June 20, 2025: REC Silicon ASA ("REC Silicon" or

the "Company") announces the publication of an update to the frequently asked

questions and accompanying answers (the "FAQ").

The FAQ responses to stakeholder requests on topics related to the voluntary

offer by Anchor AS. The FAQ will be available on the Company's website

www.recsilicon.com and may be updated as needed.

With respect to the request for an extraordinary general meeting and

investigation in REC Silicon ASA made on May 16, 2025, by Ro Sommernes

Advokatfirma DA on behalf of Water Street Partners, Ltd., Bay Street

Associates, Ltd., Alexander Street Partners, Ltd., and Polar Fund, Ltd., the

Company conducted an internal review with an external law firm on the factual

matters raised in the request and found no wrongdoing by the Company. If a

Norwegian court orders an investigation into the factual matters of the

request, the Company will provide the information requested by such order.

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 either from

Hanwha or from other sources of capital, none of which have yet been finalized

or guaranteed.

As previously disclosed, REC Silicon continues to evaluate and look for other

financing options and mitigative actions. However, the timing and feasibility

of such options are uncertain.

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

2025-06-20 20:12 CEST.

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