Derivatives: ADJUSTMENT FOR RIGHTS ISSUE IN RENEWABLE ENERGY CORPORATION ASA (REC) (14/09)

| Source: Derivatives Derivatives 

Renewable Energy Corporation ASA (REC) has proposed a rights issue with expected new equity of NOK 4 billion and ex-date June 8th 2009. The subscription price and the exact number of shares to be issued are yet to be determined. An extraordinary general meeting will be held June 5th 2009.

If the proposal is approved, stock option strike and forward prices will be adjusted according to the Rules and Regulations of NASDAQ OMX Derivatives Markets 4.43.

For further information, please see the attached file.

Attachments

wkr0011.pdf