Dividend policy

To support the growth strategy and productivity improvements, the Board believes retained earnings should be put to profitable use within the company.

There has been no distributon of dividends to the shareholders since REC Silicon ASA was publicly listed in 2006 (then Renewable Energy Corporation ASA) and the Board considers this approach to be the most likely also for the next few years. The Board will however make a yearly assessment based on the goals and strategies and the financial results of the company.