Share options issued

Sandvika, July 22, 2010: According to the resolution adopted by the Annual General Meeting on May 19, 2010, share options for executive management and key personnel have been issued today. The share options have an exercise price of NOK 20.61 and a life of six years, and may be exercised in the last three years.

The following primary insiders have received a total of 2,367,993 share options:

 

Name Share options allocated July 22, 2010 Total number of share options
Ole Enger 420,184 559,146
John Andersen, Jr 271,763 395,503
Tore Torvund 355,711 444,241
Einar Kilde 258,365 375,332
Bjørn Brenna 258,365 382,380
Kristine Ryssdal 207,143 306,575
Erik Sauar 229,320 334,756
Svanaug Bergland 158,410 234,449
Matthew Shippey 86,708 138,427
Mikkel Tørud 69,070 94,949
Kjell Christian Bjørnsen 52,954 52,954



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 close to 4,000 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)