REC Solar ASA prospectus approved

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN OR SWITZERLAND,  OR  ANY  OTHER  JURISDICTION IN  WHICH THE  PUBLICATION, DISTRIBUTION  OR RELEASE WOULD  BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Sandvika, October 3, 2013: Reference is made to prior stock exchange announcements regarding the offering and listing on Oslo Børs, alternatively Oslo Axess of 40 million shares in REC Solar ASA at a subscription price of NOK 20 per share.

The Financial Supervisory Authority of Norway has today approved the prospectus for the initial public offering of shares and the listing of REC Solar ASA.

The subscription period for the offering commences October 4, 2013 and expires at 16:30 hours (CET) on October 18, 2013.

The prospectus and subscription form for the offering will be available at www.recgroup.com/offering2013 or www.arcticsec.no from October 4, 2013. A hard copy is available by contacting Arctic Securities ASA, Haakon VIIs gate 5, P.O. Box 1833 Vika, N-0123 Oslo, Norway, Tel: +47 21 01 30 40.

Important notice

This announcement is not an offer for sale of securities in the United States or any other country in which such offer would be unlawful or would require a prospectus, registration or other measures. The securities referred to herein have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be sold in the United States absent registration or pursuant to an exemption from registration under the U.S. Securities Act. REC does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Copies of this announcement are not being made and may not be distributed or sent into the United States, Canada, Australia, Hong Kong, Japan or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures.

About REC

REC is a leading global provider of solar electricity solutions. With nearly two decades of expertise, we offer sustainable, high-performing products, services and investment opportunities for the solar and electronics industries. Together with our partners, we create value by providing solutions that better meet the world's growing electricity needs. Our 2,200 employees worldwide generated revenues of more than NOK 7 billion in 2012, approximately EUR 1 billion or USD 1.3 billion.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.