REC Silicon - Letter to REC Silicon from Hanwha

24 Jun 2025 10:05 CEST

Moses Lake, Washington USA June 24, 2025: REC Silicon ASA ("REC Silicon" or
the "Company") announces the receipt of a letter from Hanwha, the Company's
largest shareholder.

In the letter, Hanwha states that its strongly believe that maintaining
continuity and stability at the board level is essential during this critical
period for REC Silicon and that the best viable path for the company is to be
taken into private ownership.

Hanwha also states that should the voluntary offer not be completed, Hanwha
may no longer be able to provide additional funding to REC Silicon.
Furthermore, it states that if any change to composition of the board that is
not supported by Hanwha takes place and the offer is not completed, Hanwha
will not provide any further loan to REC Silicon.

The letter is attached hereto.

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
2025-06-24 10:05 CEST.

More information:
Access the news on Oslo Bors NewsWeb site

649927_Hanwha Letter To REC Silicon.pdf
649927_REC Silicon - Letter to REC Silicon from Hanwha.pdf