REC rights issue: Mandatory notification of trade

Sandvika, May 11, 2010: Further to the ongoing subscription period in the Renewable Energy Corporation ASA ("REC") rights issue, the attached document gives an overview of purchases and sales of subscription rights and subscriptions for REC shares carried out by primary insiders in REC and the primary insiders' related parties. The sale of shares, sales and purchases of subscription rights and the subscriptions for new shares included in the overview were conducted yesterday, May 10, 2010.

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.

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This information is subject of the disclosure requirements acc. to ยง5-12 vphl (Norwegian Securities Trading Act)
Mandatory notification of trade
Attachments:
Mandatory notification of trade