REC ASA - Launching 5-year fixed rate bond

Sandvika, August 31, 2009; REC is today launching a 5-year fixed rate
bond loan through the Norwegian bond market in line with announcement
made on May 19, 2009.

REC is today launching a NOK 1 billion 5-year fixed rate bond loan
through the Norwegian bond market, the company reserves the right to
increase the amount by around 25 percent subject to investor demand
and has already received pre-commitments for a substantial portion of
the total bond loan.

The bond loan will be applied for listing on Oslo Børs, and Norsk
Tillitsmann will act as trustee. The financing is for general
corporate purposes, and DnB NOR Markets, Nordea Markets and SEB
Merchant Banking act as Arrangers for the issue.

Please contact Jan Krogh-Vennemo in DnB NOR Markets ([phone]
89), Eivind Solheim in Nordea Markets ([phone]), Thorodd
Bakken in SEB ([phone]) or John E. Larsen, Group Treasurer in
REC ([phone]) for further information on this 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 
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