Solar — Board/Management Information 2014

Jun 25, 2014

REC Solar ASA appoints Mr. Martin Cooper as Interim CEO

Oslo, June 25, 2014: The Board of Directors of REC Solar ASA is pleased to announce the appointment of Mr. Martin Cooper as Interim CEO with effect from July 1, 2014. Mr Øyvind Hasaas' last day as CEO of REC Solar ASA will be on June 30, 2014.

Martin is currently the CFO of REC and is a Chartered Accountant with a MBA from Henley Management College, Oxfordshire, England. He has been with REC since July 2013. Prior to joining REC, he has worked many years as the CFO for publicly listed companies in diverse international industries.

The chairman of the board, Mr. Ole Enger, said: "As Interim CEO, Martin's task is to continue to build on the foundation that Øyvind has established. He will lead the current REC Solar management team and continue the momentum for growth and profitability"

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For further information, please contact : Ole Enger, Chairman of the Board, REC Solar ASA, +47 911 38 223

About REC:

REC is a leading global provider of solar energy solutions. With more than 15 years of experience, we offer sustainable, high performing products, services and investments for the solar industry. Together with our partners, we create value by providing solutions that better meet the world's growing energy needs. REC is headquartered in Norway and listed on the Oslo Stock Exchange (ticker: RECSOL). Our 1,600 employees worldwide generated revenues of USD 647 million in 2013.

Find out more about REC at www.recgroup.com

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.