REC Silicon — Director's Dealing 2010

Jul 22, 2010

Share options issued

Sandvika, July 22, 2010: According to the resolution adopted by the Annual

General Meeting on May 19, 2010, share options for executive management and key

personnel have been issued today. The share options have an exercise price of

NOK 20.61 and a life of six years, and may be exercised in the last three years.

The following primary insiders have received a total of 2,367,993 share options:

+------------------------+---------------------------+-------------------------+

|Name |Share options allocated |Total number of share |

| |July 22, 2010 |options |

+------------------------+---------------------------+-------------------------+

|Ole Enger | 420,184 | 559,146 |

+------------------------+---------------------------+-------------------------+

|John Andersen, Jr | 271,763 | 395,503 |

+------------------------+---------------------------+-------------------------+

|Tore Torvund | 355,711 | 444,241 |

+------------------------+---------------------------+-------------------------+

|Einar Kilde | 258,365 | 375,332 |

+------------------------+---------------------------+-------------------------+

|Bjørn Brenna | 258,365 | 382,380 |

+------------------------+---------------------------+-------------------------+

|Kristine Ryssdal | 207,143 | 306,575 |

+------------------------+---------------------------+-------------------------+

|Erik Sauar | 229,320 | 334,756 |

+------------------------+---------------------------+-------------------------+

|Svanaug Bergland | 158,410 | 234,449 |

+------------------------+---------------------------+-------------------------+

|Matthew Shippey | 86,708 | 138,427 |

+------------------------+---------------------------+-------------------------+

|Mikkel Tørud | 69,070 | 94,949 |

+------------------------+---------------------------+-------------------------+

|Kjell Christian Bjørnsen| 52,954 | 52,954 |

+------------------------+---------------------------+-------------------------+

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 close to

4,000 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)

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