REC Primary insider transaction

Sandvika, July 6, 2012: Primary insider Mimi K. Berdal (Board Member in REC) and related parties have today purchased 120,000 shares in Renewable Energy Corporation ASA (REC) at an average price of NOK 2, 07 per share. After this transaction, Mrs. Berdal and related parties hold 120,000 shares in the company.

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