Primary insider transaction

Sandvika, June 03, 2010: Primary insider Roar Engeland (Board member in REC) has
today through a wholly-owned company purchased 87,161 shares in Renewable Energy
Corporation ASA (REC) at an average price of NOK 15.50 per share. After this
transaction Mr. Engeland and related parties holds 150,000 shares and 0 share
options in the company.

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 visitwww.recgroup.com <

http://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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