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Table of Contents
| Key Figures | 4 |
| This is REC | 6 |
| Letter from the CEO | 8 |
| REC Board of Directors | 10 |
| Report from the Board of Directors | 11 |
| Statement of Compliance | 25 |
| The Board of Directors’ report on Corporate Governance | 26 |
| Shareholder Matters | 32 |
| Sustainability | 35 |
| Financial Statements REC Group | 49 |
| Consolidated statement of financial position | 50 |
| Consolidated statement of income | 52 |
| Consolidated statement of comprehensive income | 53 |
| Details of consolidated comprehensive income | 54 |
| Consolidated statement of changes in equity | 55 |
| Consolidated statement of cash flows | 56 |
| Index of the notes to the consolidated financial statements | 57 |
| Notes to the consolidated financial statements | 58 |
| Financial Statements Renewable Energy Corporation ASA | 136 |
| Auditor’s Report | 154 |
| Addresses | 156 |