REC Silicon - Conclusion of independent statement related to the mandatory offer by Anchor AS for the shares in REC Silicon ASA

Reference is made to the announcement on 31 July 2025 regarding the launch of
the mandatory offer by Anchor AS (the "Offeror") to acquire all issued and
outstanding shares in REC Silicon ASA ("REC") not already owned by the Offeror
(the "Offer").

Pursuant to section 6-16 of the Norwegian Securities Trading Act, the Board of
Directors of REC shall provide a statement on the Offer. Finanstilsynet, in
its capacity as take-over supervisory authority, has decided that the
statement shall be issued by an independent expert and not by the Board of
Directors of REC and that such statement can be issued by Pareto Securities AS
("Pareto") on behalf of the Company, cf. section 6 16 of the Securities
Trading Act.

Pareto has issued their statement on the Offer and has in the statement
concluded as follows: "Pareto is, based on the evaluation described above, of
the opinion that the Offer does reflect the current underlying value in the
Company and thereof a fair valuation of the Company."

The full statement from Pareto is attached to this announcement.

Contacts
------------------------------------------------------------------------------
Nils O. Kjerstad
IR Contact
Phone: +47 9135 6659
Email: nils.kjerstad@recsilicon.com

About REC Silicon
------------------------------------------------------------------------------
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, ยง5-12. The information was submitted for publication at
2025-08-22 18:32 CEST.