REC Silicon - Notice of extraordinary general meeting in connection with the rights issue

19 Feb 2026 15:07 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").

The Company hereby calls for an extraordinary general meeting to be held on 12
March 2026 at 13:00 hours (CET) to resolve on (i) a share capital reduction by
reduction of the nominal value of the shares from NOK 1 to NOK 0.1, (ii) the
Rights Issue, and (iii) providing the board of directors with an authorization
to issue new shares as settlement of commission to the underwriter of the
Rights Issue. While detailed proposals are pending, changes to the board is
also on the agenda.

The notice and agenda of the extraordinary general meeting is attached to this
stock exchange announcement, and will also be made available on the Company's
website recsilicon.com.

Further information about digital attendance to the meeting is included in the
notice.

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.

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 15:07 CET.

More information:
Access the news on Oslo Bors NewsWeb site

666308_REC Silicon Calling Notice EGM 12 March 2026.pdf
666308_REC Silicon - Notice of extraordinary general meeting in connection with the rights issue.pdf