REC ASA - Tore Torvund joins REC Group Management

Gøran Bye, Executive Vice President in the REC Group, will be leaving
the company, with his departure anticipated sometime in February
2009.  Mr. Bye has for more than six years provided leadership to REC
Silicon as CFO (2002-2005) and President (2005-present).  He has
taken REC Silicon through several critical phases of development,
from the acquisition of ASiMI, restructuring of the combined silicon
operations and extensive growth and construction of new capacity.
His latest achievement will be the new silicon plant based on the FBR
technology.

Tore Torvund has been employed as Executive Vice President in the REC
Group with the responsibility to lead REC Silicon's operations.   Mr.
Torvund will be a member of the REC Group Management Team reporting
to REC Group President & CEO Erik Thorsen.

Tore Torvund has a Master of Science degree from the Norwegian
University of Science and Technology (NTNU).  He has for more than
twenty years held senior executive positions in the oil and gas
industry.  Mr. Torvund was Executive Vice President responsible for
Norsk Hydro's Oil & Gas Division from 2000 until the merger with
Statoil in October 2007. In this same period of time, he was a member
of Norsk Hydro's Corporate Executive Committee.

After the merger and until October 2008, Tore Torvund was Executive
Vice President responsible for the company's operations on the
Norwegian continental shelf and a member of StatoilHydro's Corporate
Executive Committee.

"I am very pleased that Tore Torvund has accepted to join REC", says
Erik Thorsen, the President and CEO of REC.  "With his extensive
operational experience from large, international organizations, we
strongly believe that he will bring in critical know-how and
competencies that are essential to accomplish REC's strong,
international growth strategy. I would also like to thank Gøran Bye
for his significant contributions to the development and growth of
REC Silicon, and wish him all the best in his future endeavors", says
Mr.Thorsen.


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