REC ASA - Primary insiders purchase of shares

On 19 February 2009, as part of the REC 2006 and 2007 Long Term
Incentive Plan, Renewable Energy Corporation ASA has purchased 18,014
shares at an average price of NOK 58.83 per share and allocated
18.014 shares to employees participating in the Long Term Incentive
Plan. Five primary insiders in Renewable Energy Corporation ASA were
allocated 9,649 shares under the Long Term Incentive Plan.

Primary insider John Andersen, Jr. (Executive Vice President - REC
Solar & Group COO) was allocated 2,656 shares. After this
transaction, Andersen and related parties hold 136,631 shares and
20,123 options in Renewable Energy Corporation ASA.

Primary insider Erik Sauar (Senior Vice President & CTO) was
allocated 2,160 shares. After this transaction, Sauar and related
parties hold 370,123 shares and 17,145 options in Renewable Energy
Corporation ASA.

Primary insider Bjørn Brenna (Executive Vice President & CFO) was
allocated 2,833 shares. After this transaction, Brenna and related
parties hold 37,441 shares and 24,941 options in Renewable Energy
Corporation ASA.

Primary insider Jon André Løkke (Senior Vice President & Investor
Relation Officer) AS was allocated 952 shares. After this
transaction, Løkke and related parties hold 90,595 shares and 11,731
options in Renewable Energy Corporation ASA.

Primary insider Svánaug Bergland (Senior Vice President -
Organizational Development & Corporate Communications) was allocated
1,048 shares. After this transaction, Bergland and related parties
hold 12,064 shares and 15,641 options in Renewable Energy Corporation
ASA.


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