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REC Silicon

Share Issue/Capital Change Nov 18, 2020

3726_rns_2020-11-18_aae3f6cb-27e9-483b-adcf-b55fe40bc010.html

Share Issue/Capital Change

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REC Silicon - Share capital increase registered

REC Silicon - Share capital increase registered

Lysaker, Norway - 18 November 2020. Reference is made to the stock exchange

announcement on 16 November 2020 regarding the issuance of new shares in REC

Silicon ASA in Tranche 2.

The share capital increase pertaining to the issuance of the 64,610,592 new

shares has now been registered with the Norwegian Register of Business

Enterprises.

The Company's new registered share capital is NOK 372,412,658, divided into

372,412,658 shares, each with a par value of NOK 1.

For further information, please contact:

James A. May II, Chief Financial Officer

Phone: +1 509 989 1023

Email: [email protected]

Nils O. Kjerstad IR Contact

Phone: +47 9135 6659

Email: [email protected]

About REC Silicon

REC Silicon is a leading producer of advanced silicon materials, delivering

high-purity polysilicon and silicon gas to the solar and electronics industries

worldwide. We combine over 30 years of experience and proprietary technology

with the needs of our customers, with annual production capacity of more than

20,000 MT of polysilicon from our two US-based manufacturing plants. Listed on

the Oslo Stock Exchange (ticker: REC), the Company is headquartered in Lysaker,

Norway.

For more information, go to: www.recsilicon.com

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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