Solar — Board/Management Information 2015

Feb 12, 2015

REC Solar ASA appoints new Chief Executive Officer

REC Solar ASA appoints new Chief Executive Officer

Oslo, Norway - February 12, 2015: REC Solar ASA ("REC") announces that the Board

of Director has, following a comprehensive selection process, appointed Steve

O'Neil as Chief Executive Officer. Steve will assume his position effective

March 25, 2015. Martin Cooper, who has been interim CEO for REC Solar ASA since

July 2014 while the search for a permanent CEO was in progress, will resume his

Chief Financial Officer position.

Steve O'Neil has 28 years of working experience in multi-diverse industries

across different countries. His most recent position was Chief Executive Officer

of Tyden Group, a leading provider of specialized security, identification and

electrical utility products, based in USA. Prior to this, Steve spent 20 years

with TE Connectivity (formerly Tyco Electronics), one of the world's largest

providers of products and solutions that connect and protect the flow of power

and data in virtually every industry. He served as Senior Vice President of the

Consumer Devices business unit, where he was responsible for all aspects of

sales, development and operations worldwide.

Steve O'Neil was based in Shanghai, China from 2006 to 2011, when he was

appointed as Senior Vice President, China, and Chairman of the TE Connectivity

China Business Council. Prior to this, he was based in Munich, Germany, where he

served as Vice President of the Energy business unit, which manufactures

products and systems for the electrical power industry globally. Before joining

TE Connectivity, Steve began his career in product development, product

management and operations at Procter & Gamble, Microsoft and Raychem Corporation

(acquired by Tyco International in 1999).

Steve holds a bachelor's degree in Chemical Engineering from Montana State

University and a Master of Business Administration from the Stanford Graduate

School of Business, California, U.S.

Ole Enger, Chairman of the Board, said:

"I am pleased that we have been able to recruit someone of Steve O'Neil's

considerable experience and background. Steve is well qualified to develop the

Company going forward as we focus on expanding our market reach and positioning

ourselves for continued profitable growth. On behalf of the Board and employees

of REC, I would like to thank Martin Cooper for his strong contributions as the

interim CEO."

For further information, please contact:

Kim Boman

Investor Relations

Telephone: +47 959 63 912

Email: kim.boman@recgroup.com

About REC Group

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.

Headquartered in Norway, the company is traded under the name REC Solar ASA and

listed on the Oslo Stock Exchange (ticker: RECSOL). Our 1,700 employees

worldwide generated revenues of US $647 million in 2013. For more information,

visit www.recgroup.com

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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