ISIN: NO 001053650.1 - 11 per cent Renewable Energy Corporation ASA Open Putable Bond Issue 2009/2014 ("REC01")
ISIN: NO 001 060748.4 - FRN Renewable Energy Corporation ASA Open Putable Bond Issue 2011/2016 ("REC02")
ISIN: NO 001060747.6 - 9.75 per cent Renewable Energy Corporation ASA Open Putable Bond Issue 2011/2018 ("REC03")
Sandvika, June 22, 2012: Bondholders' meetings in each of REC ASA's senior bond issues, REC01, REC02 and REC03, today approved a change to the bond loan agreements in accordance with the REC ASA's request of 22 May, 2012. As a result, REC Wafer Norway AS will resign as guarantor under the bond loan agreements when REC ASA's banks release it from its guarantee under the current revolving credit facility or when the guarantee lapses for any reason whatsoever. REC Wafer Norway AS will also be excluded from the definition of "Group" in the bond loan agreements going forward.
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)