REC ASA - primary insiders purchase of shares

On 22 April 2008, as part of the REC 2006 and 2007 Long Term Incentive Plan, six primary insiders in Renewable Energy Corporation ASA purchased 3,908 shares at a price of NOK 183.50.
 
Primary insider John Andersen, Jr. (Executive Vice President - REC Solar & Group COO) purchased 852 shares. After this transaction, Andersen and related parties hold 134,827 shares in Renewable Energy Corporation ASA.
 
Primary insider Erik Sauar (Senior Vice President & CTO) purchased 693 shares. After this transaction, Sauar and related parties hold 367,963 shares in Renewable Energy Corporation ASA.
 
Primary insider Bjørn Brenna (Executive Vice President & CFO) purchased 908 shares. After this transaction, Brenna and related parties hold 34,708 shares in Renewable Energy Corporation ASA.
 
Primary insider Gøran Bye (Executive Vice President - REC Silicon) AS purchased 815 shares. After this transaction, Bye and related parties hold 30,400 shares in Renewable Energy Corporation ASA.
 
Primary insider Jon André Løkke (Senior Vice President & Investor Relation Officer) AS purchased 305 shares. After this transaction, Løkke and related parties hold 89,643 shares in Renewable Energy Corporation ASA.
 
Primary insider Svánaug Bergland (Senior Vice President - Organizational Development & Corporate Communications) purchased 336 shares. After this transaction, Bergland and related parties hold 11,016 shares in Renewable Energy Corporation ASA.
 
Renewable Energy Corporation ASA, 22 April 2008
 
About REC
REC is uniquely positioned as one of the most integrated company in the solar energy industry. 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 and engage in project development activities in selected segments of the PV market. REC Group had revenues in 2007 of NOK 6,642 million and an operating profit of NOK 2,588 million. Please also see www.recgroup.com