Presentation of the fourth quarter 2010

Sandvika, January 28, 2011: Renewable Energy Corporation ASA (REC) will release its fourth quarter results for 2010 on Wednesday February 9, 2011 just after 07:00 AM CET.

Morning program:

On the release day, President and CEO Ole Enger of REC will give a presentation together with other members of the management team. The presentation will take place at 08:00 hrs Norwegian time/CET at the conference centre Oslo Konserthus, Munkedamsveien 14, 0250 Oslo (www.oslokonserthus.no).

The presentation, held in English, will be broadcasted live over the Internet, and can be accessed from: www.recgroup.com.

It will also be possible to listen to the presentation through a conference call. Please make sure to dial in 10 minutes prior to scheduled start time on one of the following numbers:

Conference code: 3854710

Norway Toll Free: 800 19 640
UK Toll Free: 0800 028 1243
USA Toll Free:  1888 935 4575
International dial in: +44 (0)20 7806 1951

Afternoon program:

REC will further host an analyst conference call with possibilities for questions and answers later the same day at 15:00 CET. Please make sure to dial in at least 5 minutes ahead of time to finalize your registration:

Norway free call: 800 80 119
International dial in: +47 2318 4501

Immediately after the call, a replay of the conference call will be made available. To access, please dial +47 2318 4502 and use the following procedure:

1. Type pincode number 1524 followed by # (pound-sign)
2. Continue by typing the conference number 524 followed by # (pound-sign)


For more information, please contact:

Mikkel Tørud, VP and Investor Relations Officer, Tel: +47 976 99 144
Peder Poulsson, Investor Relations analyst, Tel: +47 950 26 311


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 4,100 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)