Sandvika, June 22; Reference is made to announcement from Renewable Energy Corporation ASA (REC) on 22 June 2012.
The shares in REC will be traded ex contingent rights in a possible subsequent offering as from today 22 June 2012.
The subsequent offering is conditional upon the matters mentioned in the aforementioned announcement. Non-tradable rights to subscribe for shares in the subsequent offering will, if completed, subject to any restrictions in applicable securities legislation, be offered to those of the Company's shareholders as of 21 June 2012 who were not invited to participate in the Private Placement.
REC is a leading vertically integrated solar energy company. REC produces polysilicon, wafers, cells and modules for the solar industry, and silicon materials for the electronic industry. REC also engages in project development in selected PV segments. Founded in Norway in 1996, REC employs around 3,200 people globally with revenues of more than EUR 1.7 billion in 2011, approximately USD 2.4 billion. 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)