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ReneSola Prices Share Offer

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ReneSola has announced the pricing of a registered direct offering of approximately $70 million in American Depositary Shares ("ADSs"), each representing two shares of the Company, at a price of $4.67 per ADS. Investors will also receive 35% warrant coverage in the offering with an initial exercise price of $6.04 per ADS or $3.02 per share. The warrants will expire four years from the date of issuance.

Roth Capital Partners, LLC, served as the sole placement agent in the offering. After deducting the placement agent fees and estimated offering expenses payable by the Company, the Company expects to receive net proceeds of approximately $65.9 million. The offering is expected to close on September 16, 2013, subject to customary closing conditions.


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