REC rights issue: Mandatory notification of trade

Sandvika, May 11, 2010: Further to the ongoing subscription period in the

Renewable Energy Corporation ASA ("REC") rights issue, the attached document

gives an overview of purchases and sales of subscription rights and

subscriptions for REC shares carried out by primary insiders in REC and the

primary insiders' related parties. The sale of shares, sales and purchases of

subscription rights and the subscriptions for new shares included in the

overview were conducted yesterday, May 10, 2010.

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#1414480]

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