Hexagon Composites - Capital/Financing Update 2025

Hexagon Composites ASA: Correction of financial covenant information

Reference is made to Hexagon Composites Annual and Sustainability Report 2024

published on 28 March 2025.

In the Financial Statements for the Group - note 20 on page 181 and for the

Parent Company - note 16 on page 225, the financial covenant for leverage is

stated as net interest-bearing debt/EBITDA of maximum 3.5x, where the level of

3.5x is not correct.

The correct text should read: As of 31 December 2024, financial covenants

related to equity ratio of minimum 30% and leverage (net interest-bearing debt /

EBITDA) were in compliance with comfortable headroom.

For more information:

David Bandele, CFO, Hexagon Composites

Telephone +47 920 91 483 I [email protected]

About Hexagon Composites ASA

Hexagon delivers safe and innovative solutions for a cleaner energy future. Our

solutions enable storage, transportation, and conversion to clean energy in a

wide range of mobility and industrial applications. Learn more

at www.hexagongroup.com and follow @HexagonASA on LinkedIn.

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