REC ASA - Primary insider transaction

Sandvika, July 9, 2009: With reference to the ongoing rights issue announced on May 19, 2009, the following primary insider transaction has been undertaken:
 
Primary insider Nora Berg (Executive Assistant) has sold her 149 subscription rights at a price of NOK 18.36 per subscription right. After this  transaction, Ms. Berg and related parties hold 433 shares in the company.
 
 
About REC:
REC is the leading vertically  integrated player in the solar  energy industry. REC Silicon  and REC  Wafer are among  the world's  largest producers of polysilicon and wafers  for solar applications, and  REC Solar is a rapidly growing  manufacturer of solar cells and  modules. REC Group had revenues of NOK  8,191 million and an operating  profit of NOK 2,529  million in 2008.  About 2,500 employees  work in  REC's worldwide organization. Please also see www.recgroup.com.
 
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DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES:
 
This press release does not constitute or form part of an offer or solicitation to purchase  or subscribe for  securities in the  United States. The securities referred to herein may not be offered or sold in the  United  States  absent  registration  or  an  exemption  from registration as  provided in  the  U.S. Securities  Act of  1933,  as amended. The Company does not intend  to register any portion of  the offering of  the securities  in the  United States  or to  conduct  a public offering of  the securities  in the United  States. Copies of this announcement are not  being made and may  not be distributed  or sent into the United States, Australia, Canada, Hong Kong or Japan.
 
This information is subject of the disclosure requirements acc. to ยง5-12 vphl (Norwegian Securities Trading Act)
 
This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.