REC Silicon - Disclosure of large shareholding

Reference is made to the announcement published by REC Silicon ASA ("REC
Silicon" or the "Company") on 23 March 2022 regarding the entry into of a share
purchase agreement (the "SPA") between Aker Horizons Holding AS ("Aker
Horizons"), Hanwha Solutions Corporation ("Hanwha Solutions") and Hanwha
Corporation ("Hanwha Corporation"). Pursuant to the SPA, Hanwha Solutions shall
acquire 19,629,197 existing shares in the Company at a share price of NOK 20.00
(the "Transaction").

Following completion of the Transaction, Hanwha Solutions' ownership interest in
REC Silicon will be approximately 21.33% through its holding of 89,733,473
shares in the Company.

This information is subject to the disclosure requirements set out in section
4-2 of the Norwegian Securities Trading Act.

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