REC ASA - Production has started at Silicon III

Sandvika, March 30, 2009: REC Silicon's new polysilicon plant in Moses Lake, Washington (Silicon III) based on fluidized bed technology ("FBR") started production early last week, as announced early February 2009.
 
The main portion of the Silicon III production is expected to be ramped-up during the second quarter of 2009, but also going into the third quarter. Based on planned ramp-up, total polysilicon production estimates for the full year 2009 remain unchanged at 10 - 11 000 MT.  
 
"We are satisfied to have reached this important milestone and to see that production is ramping up as expected in its initial stage. However, this is a large and complex chemical plant which implements innovative new technologies, and we should therefore expect to see some interruptions during the ramp-up phase", says Erik Thorsen, President & CEO.
 
 
For more information, please contact;
Erik Thorsen, President & CEO; +47 907 56 685
Jon Andre L√łkke, SVP & IRO; +47 907 44 949
  
 
About REC
REC is uniquely positioned as one of the most integrated companies 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 2008 of NOK 8,191 million and an operating profit of NOK 2,529 million. Please also see www.recgroup.com