Reference is made to the stock exchange announcement made by Renewable Energy Corporation ASA ("REC" or the "Company") on July 27, 2012 regarding, inter alia, the approval of the prospectus (the "Prospectus") prepared in connection with (i) the listing on Oslo Børs of 866,666,667 new shares in REC issued in connection with the private placement which was completed on July 31, 2012 at a subscription price of NOK 1.50 per new share and (ii) the subsequent offering and listing on Oslo Børs of up to 250,000,000 offer shares in REC at a subscription price of NOK 1.50 per offer share.
Reference is further made to the stock exchange announcement made by the Company on August 14, 2012 regarding the Company's decision to cease further funding of REC Wafer Norway AS. The information contained in the announcement of August 14, 2012 has been reflected in a supplementary prospectus (the "Supplementary Prospectus") which today has been approved by the Financial Supervisory Authority of Norway.