Second quarter 2009

HIGHLIGHTS

• Revenue growth of 9 percent
• NOK 2,308 million versus NOK 2,121 million in the second quarter 2008
• Operating results negatively affected by temporarily reduced production due to
  weaker markets, high expansion and ramp-up costs, and large junction box provision
• EBITDA NOK 218 million versus NOK 889 million in the second quarter 2008
• EBIT negative NOK 97 million versus positive NOK 716 million in the second
  quarter 2008
• Negative net financial items; significantly impacted by unrealized changes
  in value of embedded derivatives
• Strengthened financial flexibility through an equity issue, additional debt and
  revised financial covenants
• Silicon III in Moses Lake started commercial ramp-up in line with the revised schedule