Notice of Extraordinary General Meeting to propose an amendment to the Articles of Association in order to allow for general meeting documents to be made available online instead of in paper format.

Sandvika, March 4, 2010: Renewable Energy Corporation ASA (REC) hereby gives

notice of an Extraordinary General Meeting in the company to be held on Thursday

March 25, 2010 at 9:00 am (Oslo time), at REC's head office in Kjørboveien

29, 1337 Sandvika, Norway.

The sole purpose of the meeting is to consider a proposal to amend REC's

Articles of Association, thereby allowing for documents that are to be

considered at general meetings being made available on the company's web site

instead of being sent by post to all shareholders with the notice of the

meeting.

The notice of the Extraordinary General Meeting, and the attendance and proxy

forms, are distributed to each shareholder with a known address. A copy of the

notice is attached hereto. Information about the Extraordinary General Meeting

can also be found on REC`s website: www.recgroup.com .

For further information, please contact:

VP & IRO Mikkel Tørud, tel +47 976 99 144

About REC

REC is a 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. REC Solar is a rapidly growing manufacturer of

solar cells and modules, and is also engaging in project development activities

in selected segments of the PV market. REC had revenues in excess of NOK 9

billion in 2009. Please visitwww.recgroup.com to learn

more about REC.

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1391023]

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