REC Silicon - Update to Frequently Asked Questions and Response to Investigation

20 Jun 2025 20:12 CEST

Moses Lake, Washington USA June 20, 2025: REC Silicon ASA ("REC Silicon" or
the "Company") announces the publication of an update to the frequently asked
questions and accompanying answers (the "FAQ").

The FAQ responses to stakeholder requests on topics related to the voluntary
offer by Anchor AS. The FAQ will be available on the Company's website
www.recsilicon.com and may be updated as needed.

With respect to the request for an extraordinary general meeting and
investigation in REC Silicon ASA made on May 16, 2025, by Ro Sommernes
Advokatfirma DA on behalf of Water Street Partners, Ltd., Bay Street
Associates, Ltd., Alexander Street Partners, Ltd., and Polar Fund, Ltd., the
Company conducted an internal review with an external law firm on the factual
matters raised in the request and found no wrongdoing by the Company. If a
Norwegian court orders an investigation into the factual matters of the
request, the Company will provide the information requested by such order.

REC Silicon does not have sufficient available cash to meet debt service and
other anticipated operating cash flow requirements for this year without the
continued support of the major shareholder, Hanwha, or additional sources of
capital. Therefore, it will soon require additional financing either from
Hanwha or from other sources of capital, none of which have yet been finalized
or guaranteed.

As previously disclosed, REC Silicon continues to evaluate and look for other
financing options and mitigative actions. However, the timing and feasibility
of such options are uncertain.

Contacts
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Nils O. Kjerstad
IR Contact
Phone: +47 9135 6659
Email: nils.kjerstad@recsilicon.com

About REC Silicon
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REC Silicon is a leading producer of advanced silicon materials, delivering
high-purity silicon gases to the solar and electronics industries worldwide.
We combine over 40 years of experience and proprietary technology with the
needs of our customers. 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 disclosure under the Norwegian Securities
Trading Act, §5-12. The information was submitted for publication at
2025-06-20 20:12 CEST.

More information:
Access the news on Oslo Bors NewsWeb site

649791_REC Silicon - Update to Frequently Asked Questions and Response to Investigation.pdf
649791_250620 REC Silicon FAQ.pdf