Sandvika, May 27, 2011: According to the resolution adopted by the Annual General Meeting on May 25, 2011, share options for executive management and key personnel have been issued today. The share options have a strike price of NOK 13.57 and a life of six years, and may be exercised in the last three years.
The following primary insiders have received a total of 2,815,039 share options:
| Name | Share options allocated May 26, 2011 | Total number of share options |
| Ole Enger | 563,195 | 1,122,341 |
| John Andersen, Jr | 450,046 | 845,549 |
| Tore Torvund | 377,915 | 822,156 |
| Bjørn Brenna | 357,791 | 740,171 |
| Øyvind Hasaas | 313,067 | 564,229 |
| Kristine Ryssdal | 277,644 | 584,219 |
| Erik Sauar | 307,369 | 642,125 |
| Mikkel Tørud | 92,578 | 187,527 |
| Kjell Christian Bjørnsen | 75,434 | 128,388 |
About REC
REC is a leading vertically integrated player in the solar energy industry. Ranked among the world's largest producers of polysilicon and wafers for solar applications and a rapidly growing manufacturer of solar cells and modules, REC also engages in project development activities in selected PV segments. Founded in Norway in 1996, REC is an international solar company, employing more than 3,900 people worldwide with revenues close to NOK 14 billion in 2010. 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)