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|
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)