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Distributed: Oct 29, 2008

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Renewable Energy Corporation ASA (OSL:REC) Primary insider Gøran Bye (Executive Vice President, REC Silicon) has today through his wholly owned company SchoutByNacht AS purchased 4,400 shares in Renewable Energy Corporation ASA at an average price of NOK 48.61 per share. After this transaction Mr. Bye and related parties hold 34,800 shares and 22,558 share options (strike price 178.59) in the company.

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

Renewable Energy Corporation ASA

http://www.recgroup.com

ISIN: NO0010112675

Stock Identifier: XOSL.REC



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