REC ASA - Primary insiders transaction

Sandvika, April 29, 2010; primary insider Ole Enger (President & CEO of REC ASA) has today purchased 10,000 shares in Renewable Energy Corporation ASA at an average price of NOK 23,35 per share. After this transaction Mr. Enger and related parties holds 13,716 shares and 138,962 share options in the company.

About REC
REC is a leading vertically integrated player in the solar energy industry. REC is among the world's largest producers of polysilicon and wafers for solar applications, and a rapidly growing manufacturer of solar cells and modules. REC is also engaged in project development activities in selected PV segments. Founded in Norway, REC is an international solar company, employing more than 3,000 people worldwide. REC had revenues in excess of NOK 9 billion in 2009.  Please visit to learn more about REC.

This information is subject of the disclosure requirements acc. to �5-12 vphl (Norwegian Securities Trading Act)