Oslo, Norway - 10 December 2019.

Reference is made to the stock exchange notice published on 9 December 2019
regarding a potential block sale of existing shares in REC Silicon ASA (the
"Company") by Umoe AS (the "Seller"). 

The bookbuilding process closed at 19:30 CET yesterday and was covered within
the range of NOK 1.00 to NOK 1.30 per share, as communicated to the market.
However, following expiry of the bookbuilding process, the Managers (as defined
below) received an all or nothing order for the Seller's entire shareholding at
a higher price per share. The Seller agreed to this offer, and has successfully
sold 64,217,774 shares in the Company, representing approx. 22.95 % of the
Company's outstanding shares, at NOK 1.325 per share (the "Offering"). Following
the Offering, the Seller holds no shares in the Company.

This means that no shares will be sold as a result of the bookbuilding process.

The Seller is represented on the board of directors in the Company, by Jens
Ulltveit-Moe, and is thus defined as a primary insider subject to disclosure
duties under the Norwegian Securities Trading Act Section 4-2.

Arctic Securities AS and Pareto Securities AS acted as managers (the "Managers")
in the Offering.

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© Oslo Bors ASA, source Oslo Stock Exchange