REC Silicon

REC Silicon - Issue of Tranche 2 shares

Reference is made to announcements of 15 October 2020 concerning the issue of

92,592,592 new shares in REC Silicon ASA (the "Company"), divided between

27,982,000 shares in a Tranche 1 and 64,610,592 shares in a Tranche 2. The

Tranche 1 shares were issued pursuant to the Company's announcement on 19

October 2020. It is hereby announced that the Board of Directors of the Company

has resolved to issue the Tranche 2 shares.

Upon subsequent completion of the registration of the new shares in the

Norwegian Register of Business Enterprises, the new share capital of the Company

will be NOK 372,412,658, divided into 372,412,658 shares of NOK 1 par value.

For further information, please contact:

James A. May II, Chief Financial Officer

Phone: +1 509 989 1023

Nils O. Kjerstad, IR Contact

Phone: +47 9135 6659

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, please visit: www.recsilicon.com

(http://www.recsilicon.com)

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act

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