REC ASA - Primary insiders transaction

Sandvika, April 29, 2010; primary insider Ole Enger (President & CEO of REC ASA)

has today purchased 10,000 shares in Renewable Energy Corporation ASA at an

average price of NOK 23,35 per share. After this transaction Mr. Enger and

related parties holds 13,716 shares and 138,962 share options in the company.

About REC

REC is a leading vertically integrated player in the solar energy industry. REC

is among the world's largest producers of polysilicon and wafers for solar

applications, and a rapidly growing manufacturer of solar cells and modules. REC

is also engaged in project development activities in selected PV segments.

Founded in Norway, REC is an international solar company, employing more than

3,000 people worldwide. 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#1409876]

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