Renewable Energy Corporation ASA : REC receives USD 27 million compensation under a silane gas take or pay contract

 Renewable Energy Corporation ASA : REC receives USD 27 million compensation
                   under a silane gas take or pay contract

Sandvika, February 22, 2013: Renewable Energy Corporation ASA (REC) has
received USD 27 million cash compensation from a silane gas customer. Part of
the amount is a compensation for volume commitments under a take or pay
contract not being fully met by the customer and part of it is related to
future deliveries. REC expects to continue to protect its position in the
silane gas market going forward.

For further information, please contact

Mikkel Tørud, SVPInvestor Relations&Business Development, REC

Telephone: +47976 99144

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 2,300 employees
worldwide generated revenues of more than NOK 7 billion in 2012, approximately
EUR 1 billion or USD 1.3 billion. To see more of what REC can offer, visit
www.recgroup.com.

Thisinformation 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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