Minutes from Extraordinary General Meeting

Sandvika, March 25, 2010: An Extraordinary General Meeting of the shareholders of Renewable Energy Corporation ASA ("REC") was held on March 25, 2010 at 09:00 (Oslo time) at REC's headquarters in Sandvika, Norway.
 
320,520,067 shares were represented, corresponding to 48.22 percent of the share capital.
 
All matters proposed in the notice of the meeting which was issued on March 3, 2010 were resolved as proposed.
 
The minutes from the Extraordinary General Meeting recording the resolutions made are enclosed hereto, and are also available on REC`s website at www.recgroup.com/egm.
 

For further information, please contact:
VP & IRO Mikkel Tørud, tel: +47 976 99 144

About REC
REC is a leading vertically integrated player in the solar energy industry. REC is among the world's largest producers of polysilicon and wafers for solar applications, and a rapidly growing manufacturer of solar cells and modules. REC is also engaged in project development activities in selected PV segments. Founded in Norway, REC is an international solar company, employing more than 3,000 people worldwide. REC had revenues in excess of NOK 9 billion in 2009.  Please visit
www.recgroup.com to learn more about REC.
 
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)
Protokoll fra Ekstraordinær Generalforsamling
Attachments:
Protokoll fra Ekstraordinær Generalforsamling
Minutes from Extraordinary General Meeting