REC ASA - Primary insider transaction

Sandvika, July 10, 2009; With reference to the ongoing rights issue
announced on May 19, 2009, the following primary insider transaction
will be undertaken:

Primary insider Tore Schiøtz (Board member in REC ASA) has subscribed
to
86 206 new shares according to all the subscription rights received.
After this transaction, Mr. Schiøtz and related parties hold 336 206
shares in REC.

Primary insider Jon Einar Kristensen (Deputy employee elected
representative to the Board) has sold his 413 subscription rights at
a price of NOK 17.90 per subscription right. After this transaction,
Mr. Kristiansen and related parties hold 1200 shares in the company.


The allotment of potential oversubscription by primary insiders will
be done on or about July 17, 2009, and will subsequently be
announced.

About REC
REC is the leading vertically  integrated player in the solar  energy
industry. REC Silicon  and REC  Wafer are among  the world's  largest
producers of polysilicon and wafers  for solar applications, and  REC
Solar is a rapidly growing  manufacturer of solar cells and  modules.
REC Group had revenues of NOK  8,191 million and an operating  profit
of NOK 2,529  million in 2008.  About 2,500 employees  work in  REC's
worldwide organization. Please also see www.recgroup.com.

  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 announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.