ISIN: NO 0010543457 - 6.50 per cent Renewable Energy Corporation ASA Subordinated Unsecured Convertible Bond Issue 2009/2014 (the "Bond Loan")
Sandvika, July 16, 2012: Bondholders' meetings in REC ASA's convertible bond loan, today approved a change to the bond loan agreement in accordance with the REC ASA's request of July 6, 2012. This change is effective today. As a result, REC Wafer Norway AS is excluded from the definition of "Group" in the bond loan agreements going forward.

About REC

REC is a leading vertically integrated solar energy company. REC produces polysilicon, wafers, cells and modules for the solar industry, and silicon materials for the electronic industry. REC also engages in project development in selected PV segments. Founded in Norway in 1996, REC employs around 3,200 people globally with revenues of more than EUR 1.7 billion in 2011, approximately USD 2.4 billion. Please visit www.recgroup.com to learn more about REC.

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