REC receives USD 27 million compensation under a silane gas take or pay contract

Fri Feb 22, 2013 2:00am EST

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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, SVP Investor Relations & Business Development, REC   

Telephone: +47 976 99 144

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

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