REC shares ex subsequent repair offering today

7/4/2012 3:38 AM EST

Sandvika, July 4; Reference is made to announcement from Renewable Energy
Corporation ASA (REC) on July 4, 2012.

The shares in REC will be traded ex contingent rights in a possible subsequent
offering as from today July 4, 2012.

The subsequent offering is conditional upon the matters mentioned in the
aforementioned announcement. Non-tradable rights to subscribe for shares in the
subsequent offering will, if completed, subject to any restrictions in
applicable securities legislation, be offered to those of the RECs shareholders
as of July 3, 2012 who were not invited to participate in the Private Placement.

About REC

REC is a leading vertically integrated solar energy company. REC produces
polysilicon, wafers, cells and modules for the solar industry, and silicon
materials for the electronic industry. REC also engages in project development
in selected PV segments. Founded in Norway in 1996, REC employs around 3,200
people globally with revenues of more than EUR 1.7 billion in 2011,
approximately USD 2.4 billion. Please visit www.recgroup.com to learn more about
REC.





This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


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