Reference is made to the stock exchange notice dated September 4, 2012 regarding the subsequent offering (the "Subsequent Offering") in Renewable Energy Corporation ASA ("REC" or the "Company") comprising the issuance of 250,000,000 new shares. The share capital increase pertaining to the Subsequent Offering has now been registered with the Norwegian Register of Business Enterprises.

The Company's new registered share capital is NOK 2,113,818,785, divided into 2,113,818,785 shares, each with a nominal value of NOK 1.00.

The new shares issued in the Subsequent Offering will be immediately listed on Oslo Børs.