REC ASA - Options Issued

Kj�rbo, May 20, 2008: According to the resolution adopted by the Annual General Meeting on May 19, 2008, 617 216 options were issued yesterday for executive management and key personnel. The options have an exercise price of NOK 178.59 and a life of 6 years, and may be exercised in the last three years. The total number of options issued is 617 216.
 
The List of primary insiders included in this transaction:
 
Name
Options allocated
May 20, 2008
Total number of options
Erik Thorsen
29 779
29 779
Bj�rn Brenna
25 507
25 507
Ingelise Arntsen
25 507
25 507
Einar Kilde
24 064
24 064
G�ran Bye
22 558
22 558
John Andersen jr
20 123
20 123
Erik Sauar
17 145
17 145
Sv�naug Bergland
15 641
15 641
Jon Andr� L�kke
11 731
11 731
 
  
For more information, please contact:
Jon Andr� L�kke, SVP and Investor Relations Officer, Tel: +47 907 44 949
 
 
 
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