REC ASA - Primary insider transaction

Sandvika, July 29, 2009; With reference to the rights issue announced on May 19, 2009, the following primary insider have been allocated shares in accordance with the principles set out in the prospectus after oversubscribing relative to the number of subscription rights received in the transaction.
 
Primary insider Kristine Ryssdal (Senior Vice President - CLO) has subscribed to 174 new shares according to all the subscription rights received. In addition to rights received, Ms. Ryssdal was allocated 6 shares through the allotment process. After this transaction, Ryssdal and related parties hold 685 shares and 20,454 options in REC.
 
 
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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