REC- Primary Insider transaction

Sandvika, July 30, 2012: Primary insider Odd Christopher Hansen (Board Member in REC) and related parties has today purchased 500,000 shares in Renewable Energy Corporation ASA (REC) at an average price of NOK 1.99 per share. After this transaction, Mr. Hansen and related parties holds 600,000 shares in the company.
This information is subject of the disclosure requirements acc. to �5-12 vphl (Norwegian Securities Trading Act)