PRESS RELEASE: REC ASA - Primary Insider Transaction

Sandvika, July 29, 2009; With reference to the rights issue announced 
on May 19, 2009, the following primary insider 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 Kristine Ryssdal (Senior Vice President - CLO) has 
subscribed to 174 new shares according to all the subscription rights 
received. In addition to rights received, Ms. Ryssdal was allocated 6 
shares through the allotment process. After this transaction, Ryssdal 
and related parties hold 685 shares and 20,454 options in REC. 
 
 
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.