First quarter 2007

HIGHLIGHTS

• Revenue growth of 85 percent
  • NOK 1,616 million versus NOK 872 million in the first quarter 2006
• EBITDA growth of 129 percent
  • NOK 869 million versus NOK 380 million in the first quarter 2006
• EBIT growth of 147 percent
  • NOK 737 million versus NOK 298 million in the first quarter 2006
• Faster than expected ramp-up continued at Herøya
• Entered into and extended major seven-year polysilicon delivery contract
• Decision to invest USD 485 million in further polysilicon capacity
• Decision to invest NOK 200 million in additional wafer capacity
• Global site selection project initiated