Solar — Audit Report / Information 2015

Aug 21, 2015

			Financial position
			dissolution at 18 at final
			August 2015
NOK	NOK		NOK
	Ļ.
1,900	006'T-
			379,553
4,298,975,737	-13,288,184	-4,285,308,000	379,553
40,000,000		-40,000,000
660,418,008		-660,418,008
3,581,987,041	3,282,504	-3,584,889,992	379,553
4,282,405,049	3,282,504	-4,285,308,000	379,553
480	-480
8,145,276	$-8,145,276$
46,932	$-46,932$
8,378,000	-8,378,000
16,570,688	-16,570,688
4,298,975,737		-4,285,308,000	379,553
	Liquidation balance sheet as at 31 May 2015 4,282,106,824 13,266,000 3,601,012	Realization of assets and settlement of liabilities -13,288,184 $-13,266,000$ $-3,601,012$ 3,580,729	REC Solar ASA in liquidation - schedule of Financial Position at Final Dissolution Liquidation proceeds NOK $-4, 285, 308, 000$

Ole Enger Chairman of Liquidation Board

Liquidation Board member Jan Christian Opsahl

Liquidation Board member Anne Lise Meyer

Liquidation Board member Mimi Kristine Berdal

Notes to the schedule of Financial Position at Final Dissolution

Note 1 - Principles

The schedule of Financial Position as the propared in accordance with the Norwegian Public Limited Liability Companies Act \$ 16-10. In note 2 the main transactions completed in the period between the Liquidation balance sh

Note 2 - Specification of transactions during liquidation period

	Note
Recognized in the period Estimated net proceeds per 31 May 2015 Net proceeds from liquidation of investment in Forteen Creeper S.a.r.l.	Net assets	TOTAL LIABILITIES	Estimated liquidation costs	Other current liabilities	Public duties payable	Accounts payable	LIABILITIES	TOTAL ASSETS	Bank deposits, cash in hand, etc.	Estimated interest income	Accrued other receivables	Accrued interests	Investments in subsidiaries	ASSETS
	4,282,405,049	16,570,688	8,378,000	46,932	8,145,276	480		4,298,975,737	4,282,106,824	13,266,000	2,601,012 000.12				sheet as at 31 May 2015 Liquidation balance
	Ľ
									3,601,012			$-3,601,012$		œ
	1,324,520							1,324,520	1,326,420		006'T-
	1,371,410							1,371,410	11,894,590	$-13,266,000$				o
	$\circ$	-8,192,688		-46,932	$-8,145,276$	$-480$		8,192,688	8,192,688					m
	3,329,395	-8,378,000	-8,378,000					509'810'S	-5,048,605
	-4,285,308,000							4,285,308,000	-4,285,308,000					G
	379,553							379,553	379,553						final dissolution at at Financial position at 18 August 2015

	TOTAL LIABILITIES	16,570,688
ote	Net assets	4,282,405,049	А		1,324,520
ь	Estimated net proceeds per 31 May 2015 Recognized in the period Net proceeds from liquidation of investment in Forteen Creeper S.a.r.l.
ø	Accrued interest per 31 May 2015 Transferred to bank account in the period	-3,601,012 3,601,012
c	Recognized in the period Transferred to bank account in the period Accrued other receivables per 31 May 2015	$-1,326,420$ 1,324,520 1,900
¢	Estimated interest income for the period Actual interest income for the period 31 May 2015 - 18.8.2015 Recognized in the period	11,894,590 13,266,000 1,371,410
m	Sum Accrued public duties payables per 31 May 2015 Recognized in the period Payment of accrued other current liabilities per 31 May 2015, in the period Accrued other current liabilities per 31 May 2015 Accounts payables per 31 May 2015	$-8,192,688$ 8,192,688 8,145,276 46,932 480 ö
'n	Actual liquidation costs paid Estimated liquidation cost per 31 May 2015 Recognized in the period	5,048,605 3,329,395 8,378,000
G	Liquidation proceeds paid to shareholders on 18.08.2015 based on Aasl. §16-9.1 Net cash at final dissolution Remaining provision for uncertain expenses based on Aasi, §16-9.2	$-4,285,308,000$ 4,285,687,553 379,553	Per share	107.13270