REC Silicon

REC Silicon - New share capital registered

(Oslo, Norway, 19 January 2022). Reference is made to the announcement by REC

Silicon ASA ("REC Silicon" or the "Company") published on 14 January 2022

regarding the board's resolution to issue 48,213,001 new shares (the "New

Shares") in the Company as a result of the agreement relating to a strategic

equity investment in the Company by Hanwha Solutions Corporation..

The Share capital increase related to the New Shares has now been registered

with the Norwegian Register of Business Enterprises. The new share capital of

the Company is NOK 420,625,659, divided into shares 420,625,659, each with a par

value of NOK 1.

For further information, please contact:

Douglas Moore, Chief Financial Officer

Phone: +1 509 766-9133

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: RECSI), the Company is headquartered in

Lysaker, Norway.

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

This information is subject to the disclosure requirements in Regulation EU

596/2014 (MAR) article 19 and section 5-12 of the Norwegian Securities Trading

Act.

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