REC ASA - Interruption during ramp-up of Silicon III

Sandvika, April 2, 2009: REC Silicon has temporary halted production at its new polysilicon plant in Moses Lake, Washington (Silicon III).
 
On March 30, 2009, REC announced that production at Silicon III had started and was ramping-up in the initial phase. It was also emphasized that some interruptions should be expected during the ramp-up.
 
The plant had run continuously for 10 days prior to the decision to stop due to instability in certain operating parameters. The production in Silicon III was consequently stopped for process safety reasons.
 
The total length of the shutdown cannot be determined until real data simulations have been undertaken and analyzed, and corrective actions have been identified.
 
REC will give an update during the presentation of the Q1 2009 financials on April 29, 2009.
 
 
For more information, please contact;
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