Notice of Extraordinary General Meeting

Sandvika, April 7, 2010; Please find enclosed a notice for an Extraordinary
General Meeting of Renewable Energy Corporation ("REC" or the "Company"). The
notice relates to the new financing solution as described in the press release
published on March 31, where the board of REC proposes to strengthen the
Company's equity position by conducting a rights issue with gross proceeds of
approximately NOK 4 billion and subscription rights to the Company's
shareholders.

The Extraordinary General Meeting is scheduled to be held at 10:00 CET on April
29, 2010 at Radisson Blu Scandinavia Hotel, Holbergsgate 30, Oslo.

All information about the extraordinary general meeting is available on REC's
webpage

http://www.recgroup.com/EGM-April29

For more information, please contact;
Mikkel Tørud, VP & Investor Relation Officer, +47 976 99144

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 visit www.recgroup.com <

http://www.recgroup.com/> to learn more about
REC.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR
INDIRECTLY, IN AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES:
This press release does not constitute or form part of an offer or solicitation
to purchase or subscribe for securities in the United States.The securities
referred to herein may not be offered or sold in the United States absent
registration or an exemption from registration as provided in the U.S.
Securities Act of 1933, as amended. The Company does not intend to register any
portion of the offering of the securities in the United States or to conduct a
public offering of the securities in the United States. Copies of this
announcement are not being made and may not be distributed or sent into the
United States, Australia, Canada, Hong Kong or Japan.

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


[HUG#1401238]





    Attendance form: 

http://hugin.info/136555/R/1401238/356346.pdf
    Notice for EGM: 

http://hugin.info/136555/R/1401238/356345.pdf
    Moteseddel: 

http://hugin.info/136555/R/1401238/356350.pdf