Sale of Sovello AG completed

Sandvika, April 22, 2010: REC, Evergreen and Q-Cells have completed the sale of

Sovello AG to Ventizz Capital Fund IV, L.P.

Reference is made to the stock exchange notification on March 24, 2010, in which

REC announced the entry into an agreement for the sale of 100 percent of the

shares and the shareholder loans in Sovello. The acquirer is a Jersey-based

private equity fund being advised by Ventizz Capital Partners AG, Germany. The

transaction was subject to certain closing conditions. All closing conditions

have now been fulfilled.

REC Silicon will continue to supply polysilicon to Sovello, but with reduced

annual volumes.

For further information, please contact;

Mikkel Tørud VP & Investor Relation Officer; +47 976 99 144

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#1407040]

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