REC ASA - Bond issue completed

Sandvika, August 31, 2009; REC has completed the issue of a 5-year
fixed rate bond loan in the Norwegian bond market.

REC announced earlier today the launch of a 5 year bond issue. The
bond loan was very well received in the market, and the company
decided to close the transaction when the books reached NOK 1,250
million. The bond loan pays a fixed spread of 690 basis points and
settles on September 16, 2009, with maturity on September 16, 2014.

DnB NOR Markets, Nordea Markets and SEB Merchant Banking acted as
joint arrangers for the bond issue.


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. Close to 3 000
employees work in REC's worldwide organization. Please also see
www.recgroup.com.


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