REC Silicon Annual Report 2019

REC Silicon Annual Report 2019 18 Statement of compliance The Board of Directors and the Chief Executive Officer (CEO) have today considered and approved the report from the Board of Directors and CEO, the financial statements for the Group and for the parent company REC Silicon ASA (the Company) for the year ending December 31, 2019. The consolidated financial statements of the Group have been prepared in accordancewith International Financial Reporting Standards as adopted by the EU and additional disclosure requirements as stated in the Norwegian Accounting Act that are applicable at December 31, 2019. The financial statements for the Company have been prepared in accordance with the Norwegian Accounting Act and Generally Accepted Accounting Principles in Norway that are applicable at December 31, 2019. The report from the Board of Directors and CEO, including the report on corporate governance, for the Group and the Company has been prepared in accordancewith the Norwegian Accounting Act and the Norwegian Accounting Standard no. 16 applicable at December 31, 2019. We confirm that, to the best of our knowledge: • The financial statements for the Group and the Company for the year ending December 31, 2019 have been prepared in accordance with applicable accounting standards, and • The information in the financial statements gives a true and fair view of the Group’s and the Company’s assets, liabilities, financial position, and results of operations for the year ending December 31, 2019, and • The report from the Board of Directors for the year ending December 31, 2019 includes a fair review of: • Thedevelopment, results of operations andposition for theGroup and theCompany, and • Theprincipal risks and uncertainties for theGroup and theCompany. STATEMENT OF COMPLIANCE Espen Klitzing Member of the Board Jens Ulltveit-Moe Chairman of the Board RagnhildWiborg Member of the Board Tore Torvund President and CEO Inger Berg Ørstavik Member of the Board Fornebu, March 23, 2020 Board of Directors