REC ASA -allocation of shares to primary insiders as part of the REC Long Term Incentive Plan and purchase of own shares

On 25 February 2010, as part of the REC 2007 Long Term Incentive Plan, Renewable Energy Corporation ASA has today purchased 13,850 shares at an average price of NOK 21.07 per share and has allocated 28,244 shares to employees participating in the Long Term Incentive Plan. Four primary insiders in Renewable Energy Corporation ASA were allocated in total 13,217 shares under the 2007 Long Term Incentive Plan.

Primary insider John Andersen, Jr. (Executive Vice President - REC Solar & Group COO) was allocated 4,155 shares. After this transaction, Andersen and related parties hold 190,406 shares and 123,740 options in Renewable Energy Corporation ASA.

Primary insider Erik Sauar (Senior Vice President & CTO) was allocated 3,364 shares. After this transaction, Sauar and related parties hold 429,738 shares and 105,436 options in Renewable Energy Corporation ASA.
 
Primary insider Bjørn Brenna (Executive Vice President & CFO) was allocated 3,957 shares. After this transaction, Brenna and related parties hold 54,787 shares and 124,015 options in Renewable Energy Corporation ASA.
 
Primary insider Svánaug Bergland (Senior Vice President - Organizational Development & Corporate Communications) was allocated 1,741 shares. After this transaction, Bergland and related parties hold 13,805 shares and 76,039 options in Renewable Energy Corporation ASA.


Renewable Energy Corporation ASA, 25 February 2009


This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)