REC Silicon - Announces the Close of a USD 13.0 million Short Term Loan with Anchor AS

14 Nov 2025 16:33 CET

Lysaker, Norway - November 14, 2025 - REC Silicon ASA ("REC Silicon")
announced today that it has entered into an unsecured USD 13.0 million
short-term loan agreement with Anchor AS to fund the company's urgent
operational capital needs.

Anchor AS is a Norwegian subsidiary of REC Silicon's two largest shareholders:
Hanwha Solutions and Hanwha Corporation.

The terms and conditions of this loan are identical to those of the USD 7.0
million loan between REC Silicon ASA and Anchor AS, which closed on October
13, 2025. The maturity date is May 14, 2026.

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

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
2025-11-14 16:33 CET.

More information:
Access the news on Oslo Bors NewsWeb site

659788_REC Silicon - Announces the Close of a USD 13.0 million Short Term Loan with Anchor AS.pdf