REC Silicon - Announces the extension of a USD 50.0M Facility Loan

15 Jun 2026 20:16 CEST

Moses Lake, Washington USA - June 15, 2026: REC Silicon ASA (REC Silicon)
announced that its wholly owned subsidiary, REC Silicon Inc, has extended its
USD 50 million facility loan from Standard Chartered Bank in New York on
identical terms as the existing facility loan.

The facility is fully guaranteed by Hanwha Solutions, an affiliate of Anchor
AS, the company's largest shareholder.

This loan was extended through the existing USD 50.0 million facility loan,
which originally closed on June 16, 2025. The maturity date of the extended
loan is June 14, 2027.

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 has
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 2026-06-15 20:16 CEST.

More information:
Access the news on Oslo Bors NewsWeb site

676254_REC Silicon - Announces the extension of a USD 50.0M Facility Loan.pdf