REC Silicon - Announces close of USD 10m Short Term Loan with Anchor AS

19 Jan 2026 16:08 CET

Lysaker, Norway - January 19, 2026 - REC Silicon ASA ("REC Silicon") announced
today that it has entered into an unsecured USD 10.0 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 13.0
million loan between REC Silicon ASA and Anchor AS, which closed on November
13, 2025. The maturity date is July 19, 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, through the
agency of the contact persons set out above, at 2026-01-19 16:08 CET.

More information:
Access the news on Oslo Bors NewsWeb site

663864_REC Silicon - Announces close of USD 10m Short Term Loan with Anchor AS.pdf