REC emerges as two independent companies with new names, separate brands and websites

Sandvika, October 25, 2013: Following the listing of REC Solar ASA today, Renewable Energy Corporation ASA (REC) emerges as two separate, independent companies: REC Solar ASA and REC Silicon ASA with separate brands and websites.

The new company, REC Solar ASA (REC Solar), comprising the solar panel operation and distribution, will be headquartered in Singapore. The REC brand is widely recognized in the solar industry for the high quality solar panels produced at the state-of-the-art integrated production plant in Singapore, and the REC brand will therefore follow REC Solar including the logo and website platform. The company will be listed on the Oslo Stock Exchange under the ticker: RECSOL. More information about REC Solar can be found on the company's website: www.recgroup.com.

The remaining operations of REC has as of today been renamed REC Silicon ASA (REC Silicon), as this name better reflects the nature of the company's business as a leading producer of advanced silicon materials, delivering high-quality polysilicon and silane gas to customers in the solar and electronics industry. REC Silicon will be headquartered in Moses Lake, Washington, US, and will continue to be listed on the Oslo Stock Exchange under the same ticker as previously: REC. More information about REC Silicon can be found on the company's new website: www.recsilicon.com.

See attached illustration for an overview of the name and brand structure of REC Silicon and REC Solar as from today.

With the offering and separate listing of REC Solar, and with establishing REC Silicon as a pure play silicon company and brand, REC has succeeded in establishing two solid, independent companies which are both well positioned to follow separate consolidation paths as industry leaders in their respective fields going forward. 
 
For more information, please contact:
Kristin Nordal
Corporate Communications Manager, REC
Mobile: +47 900 15 550
Email: kristin.nordal@recgroup.com

About REC Silicon:
REC Silicon is a leading producer of advanced silicon materials, delivering high-purity polysilicon and silane gas to the solar and electronics industries worldwide.  We combine 25 years of experience and proprietary technology with the needs of our customers, and have an annual capacity of 20,000 MT of polysilicon from our two US-based manufacturing plants. Listed on the Oslo Stock Exchange (ticker: REC), the company is headquartered in Moses Lake, Washington and employs 800 people. Find out more: www.recsilicon.com

About REC Solar:
REC Solar is a leading global provider of solar energy solutions. With more than 15 years of experience, we offer high-quality solar products, project development services and investment opportunities worldwide. Together with our partners, we create long-term value by providing responsible solutions that help meet the world's growing energy needs. Listed on the Oslo Stock Exchange (ticker: RECSOL), REC Solar employs around 1,500 people globally and manufactures solar panels at its integrated production plant in Singapore. Find out more about REC Solar at www.recgroup.com.

This information is subject of the disclosure requirements acc. to ยง5-12 vphl (Norwegian Securities Trading Act)

Name and brand structure of REC Solar and REC Silicon
Attachments:
Name and brand structure of REC Solar and REC Silicon