REE: Trading result and transaction of affiliated institution

Refrigeration Electrical Engineering Corporation (REE CORP.) disclosed a trading result and a transaction of an institution affiliated with an inside shareholder as follows:

* Stock symbol: REE

* Trader: Veil Holdings Limited

* Affiliated person: Mr. Dominic Scriven

* Position of Mr Dominic Scriven in Veil Holdings Limited: Director

* Position of Mr Dominic Scriven in REE CORP.: a Member of the BOD

* Owning volume before trading: 5,839.902 shares

* Sold volume: 2,160,640 shares (included 251,000 shares which sold on August 14, 2009).

* Owning volume after trading: 3,679,262 shares

*  Trading period: From June 18, 2009 to August 14, 2009

* Registered volume to continua selling: 529,000 shares

* Owning volume after trading: 3,150,262 shares

* Trading method: Order matching and put through

* Purpose: To restructure investment portfolio

* Trading period: From August 21, 2009 to November 21, 2009

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