REC SILICON - KEY INFORMATION RELATING TO RIGHTS ISSUE

19 Feb 2026 17:57 CET

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES, CANADA, AUSTRALIA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE
PEOPLE'S REPUBLIC OF CHINA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE
DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE.
PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

Reference is made to the stock exchange announcement made by REC Silicon ASA
("REC " or the "Company") on 9 February 2026 regarding the fully underwritten
rights issue to raise gross proceeds of NOK 972.6 million (the "Rights
Issue").

Key information relating to the Rights Issue based on the current plan is set
out below.

Date on which the terms and conditions of the preferential rights issue were
announced: 9 February 2026 and 19 February 2026

Last day of trading in the shares including subscription rights: 12 March 2026
Ex-date: 13 March 2026
Record Date: 16 March 2026
Date of approval: 12 March 2026
Maximum number of new shares: 4,078,000,000
Subscription price: NOK 0.2385

Ratio preferential rights: Each existing shareholder will be granted approx.
9.695 subscription rights for every one (1) existing share registered as held
by such existing shareholder as of the record date, rounded down to the
nearest whole subscription right.

Subscription ratio: 1:1

Manager: Arctic Securities AS

Will the rights be listed: The Company will apply for listing of the
preferential rights on Euronext Oslo Børs.

ISIN for the preferential rights: To be announced when clarified

Other information: The Rights Issue is subject to (i) approval by the
extraordinary general meeting (the "EGM") and (ii) publication of a prospectus
to be approved by the Norwegian Financial Supervisory Authority.

Further information regarding the Rights Issue will be provided in the notice
of the EGM and the prospectus.

This information is published in accordance with the requirements of the
Continuing Obligations.

IMPORTANT INFORMATION: This announcement does not constitute an offer of
securities for sale or a solicitation of an offer to purchase securities of
the Company in the United States or any other jurisdiction. Copies of this
document may not be sent to jurisdictions, or distributed in or sent from
jurisdictions, in which such action is barred or prohibited by law. The
securities of the Company may not be offered or sold in the United States
absent registration or an exemption from registration under the U.S.
Securities Act of 1933, as amended (the "U.S. Securities Act"). The securities
of the Company have not been, and will not be, registered under the U.S.
Securities Act. Any sale in the United States of the securities mentioned in
this communication will be made solely to "qualified institutional buyers" as
defined in Rule 144A under the U.S. Securities Act. No public offering of the
securities will be made in the United States.

Any offering of the securities referred to in this announcement will be made
by means of the Prospectus. This announcement is not a prospectus for the
purposes of Regulation (EU) 2017/1129 of the European Parliament and of the
Council of 14 June 2017 on prospectuses to be published when securities are
offered to the public or admitted to trading on a regulated market, and
repealing Directive 2003/71/EC (as amended) as implemented in any EEA Member
State (the "Prospectus Regulation"). Investors should not subscribe for any
securities referred to in this announcement except on the basis of information
contained in the Prospectus. Copies of the Prospectus will, following
publication, be available from the Company's registered office and, subject to
certain exceptions, on the websites of Arctic Securities AS (the "Manager").

In any EEA Member State, this communication is only addressed to and is only
directed at qualified investors in that Member State within the meaning of the
Prospectus Regulation, i.e., only to investors who can receive the offer
without an approved prospectus in such EEA Member State. In the United
Kingdom, this communication is only addressed to and is only directed at
Qualified Investors who (i) are investment professionals falling within
Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (as amended) (the "Order") or (ii) are persons falling
within Article 49(2)(a) to (d) of the Order (high net worth companies,
unincorporated associations, etc.) (all such persons together being referred
to as "Relevant Persons"). These materials are directed only at Relevant
Persons and must not be acted on or relied on by persons who are not Relevant
Persons. Any investment or investment activity to which this announcement
relates is available only to Relevant Persons and will be engaged in only with
Relevant Persons. Persons distributing this communication must satisfy
themselves that it is lawful to do so.

This document is not for publication or distribution in, directly or
indirectly, the United States, Canada, Australia, the Hong Kong Special
Administrative Region Of The People's Republic Of China or Japan or Any other
jurisdiction in which such release, publication or distribution would be
unlawful, and it does not constitute an offer or invitation to subscribe for
or purchase any securities in such countries or in any other jurisdiction. In
particular, the document and the information contained herein should not be
distributed or otherwise transmitted into the United States or to publications
with a general circulation in the United States of America.

The Manager is acting for the Company in connection with the Rights Issue and
no one else and will not be responsible to anyone other than the Company for
providing the protections afforded to their respective clients or for
providing advice in relation to the Rights Issue or any transaction or
arrangement referred to in this announcement.

Matters discussed in this announcement may constitute forward-looking
statements. Forward looking statements are statements that are not historical
facts and may be identified by words such as "anticipate", "believe",
"continue", "estimate", "expect", "intends", "may", "should", "will" and
similar expressions. The forward-looking statements in this release are based
upon various assumptions, many of which are based, in turn, upon further
assumptions.

Although the Company believes that these assumptions were reasonable when
made, these assumptions are inherently subject to significant known and
unknown risks, uncertainties, contingencies and other important factors which
are difficult or impossible to predict and are beyond its control. Such risks,
uncertainties, contingencies and other important factors could cause actual
events to differ materially from the expectations expressed or implied in this
release by such forward-looking statements. The information, opinions and
forward-looking statements contained in this announcement speak only as at its
date and are subject to change without notice. This announcement is made by
and is the responsibility of, the Company. Neither the Manager nor any of its
respective affiliates makes any representation as to the accuracy or
completeness of this announcement and none of them accepts any responsibility
for the contents of this announcement or any matters referred to herein.

This announcement is for information purposes only and is not to be relied
upon in substitution for the exercise of independent judgment. It is not
intended as investment advice and under no circumstances is it to be used or
considered as an offer to sell, or a solicitation of an offer to buy any
securities or a recommendation to buy or sell any securities of the Company.
No reliance may be placed for any purpose on the information contained in this
announcement or its accuracy, fairness or completeness. Neither the Manager
nor any of its respective affiliates accepts any liability arising from the
use of this announcement.

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 2026-02-19 17:57 CET.

More information:
Access the news on Oslo Bors NewsWeb site

666322_REC SILICON - KEY INFORMATION RELATING TO RIGHTS ISSUE.pdf