REC ASA - Primary insiders purchase of shares

On 19 February 2009, as part of the REC 2006 and 2007 Long Term Incentive Plan, Renewable Energy Corporation ASA has purchased 18,014 shares at an average price of NOK 58.83 per share and allocated 18.014 shares to employees participating in the Long Term Incentive Plan. Five primary insiders in Renewable Energy Corporation ASA were allocated 9,649 shares under the Long Term Incentive Plan.
 
Primary insider John Andersen, Jr. (Executive Vice President - REC Solar & Group COO) was allocated 2,656 shares. After this transaction, Andersen and related parties hold 136,631 shares and 20,123 options in Renewable Energy Corporation ASA.
 
Primary insider Erik Sauar (Senior Vice President & CTO) was allocated 2,160 shares. After this transaction, Sauar and related parties hold 370,123 shares and 17,145 options in Renewable Energy Corporation ASA.
 
Primary insider Bjørn Brenna (Executive Vice President & CFO) was allocated 2,833 shares. After this transaction, Brenna and related parties hold 37,441 shares and 24,941 options in Renewable Energy Corporation ASA.
 
Primary insider Jon André Løkke (Senior Vice President & Investor Relation Officer) AS was allocated 952 shares. After this transaction, Løkke and related parties hold 90,595 shares and 11,731 options in Renewable Energy Corporation ASA.
 
Primary insider Svánaug Bergland (Senior Vice President - Organizational Development & Corporate Communications) was allocated 1,048 shares. After this transaction, Bergland and related parties hold 12,064 shares and 15,641 options in Renewable Energy Corporation ASA.