REC ASA - Primary insiders purchase of shares

On March 22, 2007, as part of the REC 2006 Long Term Incentive Plan, six primary insiders in Renewable Energy Corporation ASA purchased 2,461 shares at a price of NOK 139.00.
 
 
Primary insider John Andersen, Jr. (Executive Vice President - REC Wafer) purchased 495 shares. After this transaction, Andersen and related parties hold 133,975 shares in Renewable Energy Corporation ASA.
 
Primary insider Gøran Bye (Executive Vice President - REC Silicon) purchased 585 shares. After this transaction, Bye and related parties hold 29,585 shares in Renewable Energy Corporation ASA.
 
Primary insider Erik Sauar (Senior Vice President & CTO) purchased 420 shares. After this transaction, Sauar and related parties hold 696,865 shares in Renewable Energy Corporation ASA.
 
Primary insider Bjørn Brenna (Executive Vice President & CFO) purchased 600 shares. After this transaction, Brenna and related parties hold 33,200 shares in Renewable Energy Corporation ASA.
 
Primary insider Jon André Løkke (Senior Vice President & Investor Relation Officer) purchased 198 shares. After this transaction, Løkke and related parties hold 114,338 shares in Renewable Energy Corporation ASA.
 
Primary insider Svànaug Bergland (Senior Vice President - Organizational Development) purchased 180 shares. After this transaction, Bergland and related parties hold 10,680 shares in Renewable Energy Corporation ASA.
 
 
About REC
REC is uniquely positioned in the solar energy industry as the only company with a presence across the entire value chain. REC Silicon and REC Wafer are the world's largest producers of polysilicon and wafers for solar applications. REC Solar produces solar cells and solar modules. REC Group had revenues in 2006 of NOK 4,334 million and an operating profit of NOK 1,574 million. Please also see www.recgroup.com