REC ASA - Purchase of own shares

Sandvika, November 9, 2009; REC has, as part of the employee share
purchase program approved by the Annual General Meeting May 19, 2009,
purchased 274,540 own shares at an average price of NOK 34.91 per
share. The shares will be allocated to the employees under the
employee share purchase program.

Under the share purchase program for employees, four primary insiders
in REC purchased in total 3,436 shares at a price of NOK 27.94 per
share after the discount offered to the employees.

Primary insider Ole Enger, President and CEO purchased 1,002 shares.
After this transaction Mr. Enger and related parties hold 3,716
shares and 138,962 share options in the company.

Primary insider Rolf Birger Nilsen, employee representative on the
Board of Directors, purchased 1,002 shares. After this transaction
Mr. Nilsen and related parties hold 1,681 shares in the company.

Primary insider Silje Johnsen, alternate employee representative on
the Board of Directors, purchased 1,002 shares. After this
transaction Ms. Johnsen and related parties hold 1,002 shares in the
company.

Primary insider Lena Beate Lorentzen, alternate employee
representative on the Board of Directors, purchased 430 shares. After
this transaction Ms. Lorentzen and related parties hold 721 shares in
the company.


For more information, please contact:
Jon André Løkke, SVP and Investor Relations Officer, Tel: +47 907
44 949


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. REC Solar
is a rapidly growing manufacturer of solar cells and modules, and are
also engaging in project development activities in selected segments
of the PV market. REC had revenues of NOK 8 191 million and an
operating profit of NOK 2 529 million in 2008. More than 3 000
employees work in REC's worldwide organization. Please also see
www.recgroup.com.


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