REC Silicon ASA - Disclosure of large shareholdings under the Securities Trading Act of 2007

We would like to inform you that UBS Group AG has
crossed the reportable threshold of 5% of the share
capital in REC Silicon ASA (NO0010112675). Please let
this serve you as our disclosure as set forth below:


Name of the person obliged to notify:
UBS Group AG


Residing at:
Bahnhofstrasse 45, CH-8001 Zurich


Date of event:
5 July 2016


Event triggering the notification:
Acquisition of shares


Total acquired shares:
66'501'453 shares


Total new holding:
138'191'112 shares representing 5.43% of the
2'543'818'785 voting rights and of the share capital.


132'426'478 shares are held directly by UBS AG, a
subsidiary of UBS Group AG. 5'764'634 shares are held
indirectly by UBS AG through UBS Switzerland AG
(4'88'001 shares), UBS Fund Management (Switzerland)
AG (567'384 shares), UBS Asset Management (Singapore)
Ltd (310'351) and UBS Asset Management Life Limited
(86'898).