Minutes from the Annual General Meeting

Sandvika, May 25, 2011: The Annual General Meeting of the shareholders of Renewable Energy Corporation ASA (REC) was held today, May 25, 2011, at 13:00 (Oslo time).

The minutes from the Annual General Meeting recording the resolutions made are enclosed hereto, and are also available on REC's website at www.recgroup.com/agm2011. 618,784,047 shares were represented, corresponding to 62.1 percent of the share capital.

Further to the notice for the Annual General Meeting issued on April 29, 2011, the Annual General Meeting approved, as follows from the minutes, all resolutions as proposed by the Board.

For more information, please contact;
Mikkel T�rud, VP & IRO; +47 976 99 144

For press & media:
Kristin Nordal, Corporate Communications Manager; +47 900 15 550


About REC
REC is a leading vertically integrated player in the solar energy industry. Ranked among the world's largest producers of polysilicon and wafers for solar applications and a rapidly growing manufacturer of solar cells and modules, REC also engages in project development activities in selected PV segments. Founded in Norway in 1996, REC is an international solar company, employing more than 3,900 people worldwide with revenues close to NOK 14 billion in 2010. 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)
Minutes from Annual General Meeting
Minutes from Annual General Meeting