Renewable Energy Corporation ASA Morning program: REC will release its second quarter results for 2008 on Tuesday August 12, 2008 just after 07:00 AM CET.

On the release day, President and CEO Erik Thorsen of REC ASA will give a presentation and other members of the management team will also be present. The presentation will take place at 08:00 hrs Norwegian time/CET at the conference centre Oslo Konserthus, Munkedamsveien 14, 0250 Oslo (www.oslokonserthus.no).

The presentation, held in English, will be broadcasted live over the Internet, and can be accessed from: www.recgroup.com.

It will also be possible to listen to the presentation through a conference call. Please use one of the following numbers (conference ID, 4991654):

Norway free call: 800 196 40 UK free call: 0800 028 1299 USA free call: 1888 935 4575 International dial in: +44 (0)20 7806 1968

Afternoon program: REC will further host an analyst conference call with possibilities for questions and answers later the same day at 15:00 CET. Please make sure to dial inn at least 5 minutes ahead of time to finalize your registration:

Norway free call: 800 80 119 International dial in: +47 23 00 04 00

Immediately after the call, a replay of the conference call will be made available. To access, please dial +47 67 89 40 91 and use the following procedure:

1. Type account number 1524 followed by # (pound-sign) and press 1 2. Continue by typing the conference number: 524 followed by # (pound-sign) and press 1 to play

For more information, please contact: Jon André Løkke, SVP and Investor Relations Officer, Tel: +47 907 44 949

About REC REC is uniquely positioned as one of the most integrated companies in the solar energy industry. REC Silicon and REC Wafer are the world's largest producers of polysilicon and wafers for solar applications. REC Solar produces solar cells and solar modules and engage in project development activities in selected segments of the PV market. REC Group had revenues in 2007 of NOK 6,642 million and an operating profit of NOK 2,588 million. Please also see www.recgroup.com

Renewable Energy Corporation ASA

http://www.recgroup.com

ISIN: NO0010112675

Stock Identifier: XOSL.REC

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