REC Silicon Investor Presentation

Pareto Investor Conference | Semiconductor Semiconductor Segment Provides Stable Cash Flows. BATTERY VALUE CHAIN SEMICONDUCTOR SOLAR VALUE CHAIN Silicon Anodes to Drive Silane Market Expansion. Moses Lake Sole major supplier of pure silane outside China Proven Global Leader. Butte ➤ 3,200MT Si-gas ➤ Module loading ➤ Co-Location discussions with multiple potential partners > ~$1.0B gross silane plant capex Growth Driver EBITDA ~$30M Established Footprint to Capture Solar Market Upside. Moses Lake Moses Lake FBR Poly: 18,000MT Yulin JV Technology Yulin JV Technology Transfer Agreement of USD 200M S/D market Inflection 3 O REC Silicon ASA. All rights reserved. Confidential 1/15/2021 RECSILICON

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