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REC Silicon Major Shareholding Notification 2016

Feb 8, 2016

Major Shareholding Notification

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Mandatory Notification of trade

Kagra Gruppen AS, a company controlled by Jens

Ulltveit-Moe, has on 8 November bought 25.000.000

shares in REC Silicon ASA (REC) at NOK 0.8028 per

share. Mr. Ulltveit-Moe is Chairman of the Board of

Directors of REC.

After the transaction Jens Ulltveit-Moe and associated

companies have a total holding of 622.701.902 shares

(including 53.861.032 shares on forward contracts) -

equivalent to 24.48 % - in REC Silicon ASA.