REC ASA - Options Issued

Sandvika, August 13, 2009: According to the resolution adopted by the Annual General Meeting on May 19, 2009, options for executive management and key personnel have been issued today. The options have an exercise price of NOK 52.48 and a life of 6 years, and may be exercised in the last three years.
 
The following primary insiders have received a total of 770 132 options:
 
Name
Options allocated
August 13, 2009
Total number of options
John Andersen jr.
103 617
123 740
Bjørn Brenna
98 508
124 015
Ingelise Arntsen
98 508
124 015
Einar Kilde
92 903
116 967
Tore Torvund
88 530
88 530
Erik Sauar
88 291
105 436
Kristine Ryssdal
78 978
99 432
Svànaug Bergland
60 398
76 039
Jon André Løkke
60 398
72 129
 
In addition, primary insider Ole Enger (President and CEO of REC) has been allocated a total of 138 962 options. The options have an exercise price of NOK 60.50 and a life of 6 years, and may be exercised in the last three years. After this transaction, Enger and related parties hold 138 962 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. REC Solar is a rapidly growing manufacturer of solar cells and modules, and are also engaging in project development activities in selected segments of the PV market. REC had revenues of NOK 8 191 million and an operating profit of NOK 2 529 million in 2008. Close to 3 000 employees work in REC's worldwide organization. Please also see www.recgroup.com.