REC Silicon Annual Report 2019

60 Notes to the consolidated financial statements, REC Silicon Group REC Silicon Annual Report 2019 Shares and options presented in the tables below for 2018 reflect shares prior to the reverse split on July 9, 2019 (see note 15). OPTIONS SHARES NAME 2019 2018 2019 2018 Tore Tovund 1,422,761 10,727,613 163,149 1,631,486 James A. May II 317,523 2,422,697 274,204 2,742,043 Jens Ulltveit-Moe 0 0 0 583,840,870 Espen Klitzing 0 0 45,000 450,000 RagnhildWiborg 0 0 6,500 65,000 Terje Osmundsen NA 0 NA 615,000 Details of options outstanding at December 31, 2019 NUMBER OF OPTIONS NAME TORETORVUND JAMES A. MAY II NOK 2019 Program 350,000 75,253 8.1 2018 Program 350,000 70,011 15.2 2017 Program 350,000 50,692 11.9 2016 Program 122,048 40,642 19.2 2015 Program 122,652 40,843 23.0 2014 Program 128,062 40,082 35.0 Total 1,422,761 317,523 Board member Espen Klitzing held USD 0.2million of the USD Senior Secured bonds at December 31, 2019. BORROWINGS Financial liabilities, interest bearing (USD INMILLION) 2019 2018 Non-current financial liabilities, interest bearing Senior Secured Bond 110.0 110.0 Capitalized Borrowing Cost 1) -1.0 -1.4 Total non-current financial liabilities, interest bearing 109.0 108.6 Current financial liabilities, interest bearing Indemnification Loan (NOK) 22.8 23.0 Capitalized Borrowing Cost 1) -0.4 -0.3 Total current financial liabilities, interest bearing 22.4 22.7 1) Amortized as part of effective interest. 17