REC Silicon ASA - Unresolved U.S./China Solar Trade War Will Force Shutdown of Remaining Moses Lake Capacity

Fornebu, Norway - [September 22, 2015]: REC Silicon ASA (REC Silicon)
anticipates that if the solar trade war continues and the 57% duty on its solar
grade polysilicon imports into China remains, a complete shutdown of its
remaining production capacity in Moses Lake, Washington U.S.A. will be required,
and approximately 400 out of the current 720 employees will have to be laid off.

Tore Torvund, REC Silicon's CEO said, "REC Silicon was brought into the solar
trade war in retaliation for a dispute regarding imports of solar panels from
China into the US. Now there is a  resolution deal on the table between the U.S.
and China that would provide Chinese panel companies with valuable market access
in the U.S. provided that at solution can be found also for US polysilicon. A
global resolution of both the Chinese solar panels and U.S. polysilicon trade
barriers provides enormous benefits for the whole of China's dynamic and rapidly
growing PV industry. We do not understand why China has not yet seized this
unique opportunity for a mutually beneficial solar trade resolution, which would
give China substantial financial returns. Despite numerous negotiations, the
polysilicon dispute is still unresolved. It is perplexing that Chinese
polysilicon makers, who claim to have highly competitive production costs and
only have capacity to serve less than half of China's growing polysilicon
demand, could jeopardize the global resolution of the entire U.S. and China
solar trade war. It is particularly baffling when additional competitive
polysilicon supply is needed in China if its leading PV industry is to expand to
its full potential to meet the world's increasing demand for solar energy.  As
we understand it, there will be no resolution on Chinese solar panels imported
into the U.S. without a deal providing reasonable market access for U.S.
polysilicon into China."

Little progress has been made on resolving the part of the solar trade war that
adversely impacts solar grade polysilicon manufactured in the U.S., despite an
enormous amount of recent work by numerous parties, led by U.S. Trade Ambassador
Froman. This despite the fact that the White House, Chinese solar industry
associations including CCCME, and affected Chinese and U.S. PV companies have
recently made significant progress towards a  deal which would resolve the solar
panel trade dispute between the U.S. and China.  However without a solution also
for polysilicon, there will be no resolution of the trade war.  Washington
Governor Jay Inslee and U.S. Senators, Patty Murray and Maria Cantwell, have
also been actively engaged in obtaining a global resolution to the solar trade
war.

REC Silicon remains hopeful that China will proceed to make a deal on U.S.
polysilicon in connection with the current opportunity for a global resolution
of the solar trade war, which creates substantial value and multiple benefits
for China.

REC Silicon's FBR polysilicon production process uses 90% less power to produce
its polysilicon than the traditional Siemens process, which is currently still
utilized across the majority of the polysilicon manufacturing industry.  As a
result, REC Silicon is the world's lowest cost producer of high quality solar
grade polysilicon.

For further information, please contact:
Francine Sullivan, VP Business Development and Legal
REC Silicon ASA
Phone: +1 509 750 1133
Email: francine.sullivan@recsilicon.com

Nils O. Kjerstad
IR Contact
Phone: +47 9135 6659
Email: nils.kjerstad@crux.no

About REC Silicon
REC Silicon is a leading producer of advanced silicon materials, delivering
high-purity polysilicon and silicon gas to the solar and electronics industries
worldwide. We combine 25 years of experience and proprietary technology with the
needs of our customers, and annual production capacity of more than 20,000 MT of
polysilicon from our two US-based manufacturing plants. Listed on the Oslo Stock
Exchange (ticker: REC), the company is headquartered in Moses Lake, Washington
and employs approximately 720 people.

For more information, go to: www.recsilicon.com

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.



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