Sandvika, July 17, 2009. The final result of the rights issue shows 
that REC received subscription for a total of 269,474,606 new shares, 
170,453,354 new shares were offered. Thus, the rights issue was 
oversubscribed by close to 60 percent. 
 
Reference is made to the notice published on July 14, 2009 following 
the expiration of the subscription period in the fully underwritten 
rights issue. 
 
REC has today, July 17, 2009, resolved allocation of the new shares 
to be issued in the rights issue. By the end of the subscription 
period, REC had received subscriptions for a total of 269,474,606 new 
shares. Major existing shareholders being part of the underwriting 
agreement have subscribed for a total of approximately 101 million 
new shares according to their underwriting obligation. 170,453,354 
new shares were offered. The rights issue was oversubscribed by close 
to 60 percent and consequently the underwriting commitments were not 
utilised. 
 
Approximately 99 percent (approximately 168.8 million shares) of the 
offered shares, were subscribed for by utilising subscription rights. 
Approximately 59 percent (approximately 100.7 million shares) of the 
offered shares were oversubscribed or subscribed for without 
subscription rights. 
 
Based on the allocation principles described in the prospectus dated 
June 23, 2009, approximately 168.8 million new shares were allocated 
to subscribers according to held subscription rights. Approximately 
1.7 million new shares were allocated to holders of subscription 
rights that oversubscribed. No allocation was made to subscribers 
without subscription rights. 
 
Notifications of allocated new shares and the corresponding 
subscription amount to be paid by each subscriber are expected to be 
distributed in letters from VPS today, July 17, 2009. 
 
Through the rights issue, REC will receive proceeds amounting to 
approximately NOK 4,517 million before transaction costs. 
 
The payment for the new shares falls due on July 21, 2009 in 
accordance with the payment procedures described in the prospectus. 
 
The new shares may not be transferred or traded before they are fully 
paid and the share capital increases have been registered with the 
Norwegian Register of Business Enterprises and the new shares 
registered in the VPS. It is expected that the share capital increase 
pertaining to the new shares will be registered in the Norwegian 
Register of Business Enterprises on or about July 23, 2009 and that 
the new shares will be delivered to the subscribers' VPS accounts on 
or about July 24, 2009. 
 
The share capital of REC will as a consequence of the rights issue be 
increased with NOK 170,453,354 by issue of 170,453,354 new shares. 
Following registration of the share capital increase, the Company's 
share capital will be NOK 664,768,079 divided into 664,768,079 
shares. 
 
For the rights issue, DnB NOR Markets acted as Global Coordinator and 
Joint Bookrunner, and ABN AMRO, BNP Paribas and Nordea Markets acted 
as Joint Lead Managers and Joint Bookrunners. 
 
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. 
 
http://www.recgroup.com 
Copyright © Hugin AS 2009. All rights reserved.