Sandvika, July 20, 2009; With reference to the rights issue announced 
on May 19, 2009, the following primary insiders have been allocated 
shares in accordance with the principles set out in the prospectus 
after oversubscribing relative to the number of subscription rights 
received in the transaction. 
 
Primary insider Tore Schiøtz (Board member in REC ASA) has subscribed 
to 
86,206 new shares according to all the subscription rights received. 
In addition to rights received, Mr. Schiøtz oversubscribed by a total 
of 35,000 shares and was allocated 3,242 shares through the allotment 
process. After this transaction, Mr. Schiøtz and related parties hold 
339,448 shares in REC. 
 
Primary insider Ole Enger (President and CEO of REC) has subscribed 
to 689 new shares according to all the subscription rights received. 
In addition to rights received, Mr. Enger oversubscribed by a total 
of 7,500 shares and was allocated 25 shares through the allotment 
process. After this transaction, Enger and related parties hold 2,714 
shares in REC. 
 
Primary insider John Andersen, Jr. (Executive Vice President - REC 
Solar & Group COO) has subscribed to 47,407 new shares according to 
all the subscription rights received. In addition to rights received, 
Mr. Andersen oversubscribed by a total of 13,973 shares and was 
allocated 1,361 shares through the allotment process. After this 
transaction, Andersen and related parties hold 186,251 shares and 
20,123 options in REC. 
 
Primary insider Bjørn Brenna (Executive Vice President & CFO) has 
subscribed to 12,907 new shares according to all the subscription 
rights received. In addition to rights received, Mr. Brenna 
oversubscribed by a total of 9,393 shares and was allocated 482 
shares through the allotment process. After this transaction, Brenna 
and related parties hold 50,830 shares and 25,507 options in REC. 
 
Primary insider Jon André Løkke (Senior Vice President & Investor 
Relation Officer) has subscribed to 31,237 new shares according to 
all the subscription rights received. In addition to rights received, 
Mr. Løkke oversubscribed by a total of 33,967 shares and was 
allocated 1,237 shares through the allotment process. After this 
transaction, Løkke and related parties hold 123,069 shares and 11,731 
options in REC. 
 
Primary insider Tore Torvund (Executive Vice President - REC Silicon) 
has subscribed to new 1,379 new shares according to all the rights 
received. In addition to rights received, Mr. Torvund oversubscribed 
by a total of 13,621 shares and was allocated 50 shares through the 
allotment process. After this transaction, Torvund and related 
parties hold 5,429 shares in REC. 
 
Primary insider Erik Sauar (Senior Vice President & CTO) has 
subscribed to 56,296 new shares. Further, Mr. Sauar oversubscribed by 
a total of 40,000 shares and was allocated 2,115 shares through the 
allotment process. After this transaction, Sauar and related parties 
hold 426,374 shares and 17,145 options in Renewable Energy 
Corporation ASA. 
 
About REC 
REC is the leading vertically  integrated player in the solar  energy 
industry. REC Silicon  and REC  Wafer are among  the world's  largest 
producers of polysilicon and wafers  for solar applications, and  REC 
Solar is a rapidly growing  manufacturer of solar cells and  modules. 
REC Group had revenues of NOK  8,191 million and an operating  profit 
of NOK 2,529  million in 2008.  About 2,500 employees  work in  REC's 
worldwide organization. Please also see www.recgroup.com. 
 
  NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART 
DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE 
                           UNITED STATES: 
 
This press release does  not constitute or form  part of an offer  or 
solicitation to purchase  or subscribe for  securities in the  United 
States. The securities referred to herein may not be offered or  sold 
in the  United  States  absent  registration  or  an  exemption  from 
registration as  provided in  the  U.S. Securities  Act of  1933,  as 
amended. The Company does not intend  to register any portion of  the 
offering of  the securities  in the  United States  or to  conduct  a 
public offering of  the securities  in the United  States. Copies  of 
this announcement are not  being made and may  not be distributed  or 
sent into the United States, Australia, Canada, Hong Kong or Japan. 
 
 
This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement. 
 
http://www.recgroup.com 
Copyright © Hugin AS 2009. All rights reserved.