Jack Schimenti appointed permanent President of Lincoln Composites

Hexagon Composites ASA has appointed Jack Schimenti as President of Lincoln

Composites. Jack Schimenti has acted in the position since April 2010.

Schimenti has been with Lincoln Composites since late 2005 holding positions in

business development, manufacturing, and most recently Vice President

Operations.

Erik Espeset, Group President of Hexagon Composites ASA comments, "We are

pleased to have an experienced manager like Jack Schimenti to lead Lincoln

Composites forward. Jack brings with him vast experience from the composite

industry which is essential for our business. He will lead and drive the

positive development of Lincoln further."

Jack Schimenti holds a B.S. degree in Industrial Engineering and has a wide

experience from composite manufacturing processes. Schimenti has worked on

various projects used in manned as well as unmanned space flight and was the

Project Engineer responsible for the development of the Lincoln Composites Type

4 fuel container.

Lincoln Composites is a world leading provider of natural gas and hydrogen

storage and transport solutions to the vehicle industry. The company operates

one of the world's most-advanced facilities for designing, testing and

manufacturing composite pressure tanks. Lincoln Composites is a wholly-owned

subsidiary of Hexagon Composites ASA, located in Nebraska, USA.

For more information:

Erik Espeset, Group President, Hexagon Composites ASA

Telephone: +47 90 52 00 33 | E-mail: [email protected]

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1468538]

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