REC - primary insider transaction

Sandvika, May 15, 2013: Primary insider Jan Chr. Opsahl (Board Member in REC) and related parties have today purchased 3,100,000 shares in Renewable Energy Corporation ASA (REC) at a price of NOK 1.86 per share. After this transaction, Mr. Opsahl and related parties holds 13,100,000 shares in the company.

About REC

REC is a leading global provider of solar electricity solutions. With nearly two decades of expertise, we offer sustainable, high-performing products, services and investment opportunities for the solar and electronics industries. Together with our partners, we create value by providing solutions that better meet the world's growing electricity needs. Our 2,200 employees worldwide generated revenues of more than NOK 7 billion in 2012, approximately EUR 1 billion or USD 1.3 billion.

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