Primary insider transaction

Sandvika, June 10, 2010: Primary insider Odd Christopher Hansen (Board member in

REC) has today purchased 50,000 shares in Renewable Energy Corporation ASA (REC)

at an average price of NOK 16.96 per share. After this transaction Mr. Hansen

and related parties hold 50,000 shares and 0 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#1423097]

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