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REC Silicon Share Issue/Capital Change 2020

Oct 23, 2020

Share Issue/Capital Change

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REC Silicon - Share capital increase registered

Lysaker, Norway - 23 October 2020. Reference is made to the stock exchange

announcement on 14 October 2020 regarding the issuance of new shares in REC

Silicon ASA in Tranche 1. The share capital increase pertaining to the issuance

of the 27,982,000 new shares has now been registered with the Norwegian Register

of Business Enterprises. The Company's new registered share capital is NOK

307,802,066, divided into 307,802,066 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

Nils O. Kjerstad IR Contact

Phone: +47 9135 6659

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act