REC ASA - Share capital increase registered

Sandvika, July 23, 2009. The share capital increase in connection
with REC's rights issue has now been registered, and the new shares
will be tradable on Oslo Børs from today.

Reference is made to the notice published by REC on July 17, 2009.
The share capital increase in connection with REC's rights issue has
now been registered with the Norwegian Register of Business
Enterprises. Following the registration of the share capital
increase, the Company's share capital is NOK 664,768,079 divided into
664,768,079 shares, each with a nominal value of NOK 1.

The new shares will from and including today, July 23, 2009, be
tradable on Oslo Børs. It is expected that the new shares will be
delivered to the subscribers' VPS accounts, subject to full payment
of the new shares by the subscriber, on or about July 24, 2009.

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


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, and  REC
Solar is a rapidly growing  manufacturer of solar cells and  modules.
REC Group had revenues of NOK  8,191 million and an operating  profit
of NOK 2,529  million in 2008.  About 2,500 employees  work in  REC's
worldwide organization. Please also see www.recgroup.com.

  NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART
DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE
                           UNITED STATES:

This press release does  not constitute or form  part of an offer  or
solicitation to purchase  or subscribe for  securities in the  United
States. The securities referred to herein may not be offered or  sold
in the  United  States  absent  registration  or  an  exemption  from
registration as  provided in  the  U.S. Securities  Act of  1933,  as
amended. The Company does not intend  to register any portion of  the
offering of  the securities  in the  United States  or to  conduct  a
public offering of  the securities  in the United  States. Copies  of
this announcement are not  being made and may  not be distributed  or
sent into the United States, Australia, Canada, Hong Kong or Japan.


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