Sandvika, July 13, 2009; With reference to the ongoing rights issue announced on May 19, 2009, the following primary insider transaction will be undertaken:
Primary insider Anders Langerød (Employees elected representative to the Board) has subscribed to 34 new shares according to all the subscription rights received. After this transaction, Langerød and related parties hold 134 shares in REC.
The allotment of potential oversubscription by primary insiders will be done on or about July 17, 2009, and will subsequently be announced.
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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