Minutes from the Annual General Meeting

Sandvika,  May  19, 2010: The  Annual  General  Meeting  of  the shareholders of
Renewable Energy Corporation ASA ("REC") was held today, May 19, 2010, at 13:00
(Oslo time).

The  minutes from the Annual General  Meeting recording the resolutions made are
enclosed    hereto,    and    are   also   available   on   REC`s   website   at
www.recgroup.com/agm2010  <

http://www.recgroup.com/agm2010>.  369,581,114 shares
were represented, corresponding to 55.6 % percent of the share capital.

Further  to the notice for the Annual  General Meeting issued on April 6, 2010,
the   Annual  General  Meeting  approved,  as  follows  from  the  minutes,  all
resolutions as proposed by the Board.

For more information, please contact;
Mikkel Tørud, VP & IRO, +47 976 99 144

For press & media:
Kristin Nordal, Corporate Communications Manager, +47 900 15 550


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 to learn more about REC.


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


[HUG#1417318]





    Minutes from Annual General Meeting 2010: 

http://hugin.info/136555/R/1417318/367754.pdf