REC: Resignation from the REC Board of Directors

Sandvika, February 8, 2013; Renewable Energy Corporation ASA (REC) has received notification from Chairman Jens Ulltveit-Moe of his decision to resign from the Board of Directors of REC. The Board of Directors has elected Mimi K. Berdal as new Chairman. The Board is grateful for Jens Ulltveit-Moe's contributions both as key investor and chairman of REC in a challenging period and acknowledges his visionary enthusiasm for REC and the solar industry.

For more information, please contact:
Mimi K. Berdal, Chairman of the Board, phone + 47 90 89 24 42

About REC:

REC is a leading global provider of solar electricity solutions. With nearly two decades of expertise, we offer sustainable, high-performing products, services and investment opportunities for the solar and electronics industries. Together with our partners, we create value by providing solutions that better meet the world's growing electricity needs. Our 2,400 employees worldwide generated revenues of more than NOK 13 billion in 2011, approximately EUR 1.7 billion or USD 2.4 billion.

To see more of what REC can offer, visit www.recgroup.com

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

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Source: Renewable Energy Corporation ASA via Thomson Reuters ONE

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